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The hidden cost of excessive regulation

Every time New Zealanders apply for a mortgage or business loan, they pay the price for the Reserve Bank’s controversial 2019 bank capital decision to increase capital requirements for major banks by almost 100%. The decision made our banks much more heavily capitalised than most of their international peers. Read more

The beauty of starting small

Not long ago, doing anything on Canada’s Indian Reserves was almost as hard as doing anything on whenua Māori. Here, the roughly six percent of the country held under Māori land tenure is beset by regulatory difficulty far worse than that bedevilling the rest of New Zealand. Read more

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Media release: Devolution empowers Canadian First Nations, provides lessons for New Zealand, says report

Wellington (Wednesday, 1 October 2025) – Canadian First Nations are helping tackle Canada’s housing crisis through council-like authority over their own land. A new report highlights this proven Canadian turnaround success story and draws lessons for New Zealand. Read more

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Podcast: Building Nations: What Canada’s First Nations can teach us about devolution and development

In this episode, Oliver talks to Eric Crampton, the New Zealand Initiative's chief economist, about his latest report Building Nations examining Canadian First Nations' experiences with autonomous land development and what New Zealand might learn from them. They discuss how Canadian reserves transformed from heavily regulated, impoverished areas into thriving self-governing communities that are now solving urban housing crises through major development projects like the Squamish Nation's apartment towers in downtown Vancouver. Read more

Newstalk ZB: Dr Eric Crampton on Reserve Bank printing too much money during COVID, driving inflation crisis

Dr Eric Crampton talked to Ryan Bridge on Newstalk ZB about the Reserve Bank's recent self-review, which found the bank was too slow to raise interest rates after COVID-19. He argued the Reserve Bank should have recognised earlier that it was dealing with a supply shock rather than a demand problem, noting that excessive money printing in response to COVID's economic disruption drove inflation to 7.3% and required painful interest rate hikes to bring it back under control. Read more

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