The Unbearable Lightness of the Bright-Line Test
The bright-line test is a red herring and does nothing to deter housing speculation.
IMF
IMF: higher taxes for rich will cut inequality and won’t hurt growth
The International Monetary Fund (IMF) says it now favours higher taxes on the rich and has demolished the myth this might adversely affect […]
Household debt
The IMF warns that our household debt is far too high, as desperate tenants start raiding the Kiwisaver accounts to pay the rent.
Waking up to the realities of neoliberalism and austerity
Even the IMF now acknowledges that neoliberal economics and government austerity policies have failed. Look around at New Zealand – you can see the effects.
Another financial crisis?
There are a lot of canaries giving warning in the world’s economic coal mine just now.
Greece – damned if they do
Secret documents seen by The Guardian describe just how bad things will be for Greece if they accept the demands of the IMF / “troika”.
Greece defaults
As the last Global Financial Crisis taught us, we’re in for another round of protecting the banks and letting the people suffer.
The death of trickle down economics and the mess we’re in
Trickle down economics is pronounced dead by the IMF. Housing, the working poor and the economy – the policy settings are wrong everywhere.
NRT: Inequality is bad for growth
No Right Turn succinctly points out the impact of the International Monetary Fund changing its mind on the adverse effects of inequality in the economic sphere. A case of an accumulation of facts overriding dumb ideology.
Key missing the big picture
It’s a bit of a worry that the PM seems to be clueless about the complexity and interdependence of the world economy. Bill English needs to take him aside and paint him a picture.
Even the IMF is starting to get peak oil
Peak oil. We’ve long had warnings from scientists and greens. Right wing governments never listen to those. But recently we’ve also had warnings from organisations that you might think that any government would pay attention to. The IMF is the latest to sound the alarm.
IMF: Neo-liberalism dead
This post is largely by the head of the IMF. “[T]he pendulum will swing … from the market to the state,” Mr Strauss-Kahn says, “The benefits of growth must be broadly shared, not just captured by a privileged few … the invisible hand must not become the invisible fist.”