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A 500-gram punnet of grapes: $1.89. A 2 litre bottle of Coca-Cola: also $1.89. Read more

One of the finest shows on economic affairs was ‘Clarke and Dawe’. The two satirists collaborated from 1989 until John Clarke’s death 2017. Read more

If you're going to read the Commerce Commission's market study on supermarkets in New Zealand, I'd suggest starting with the first half of Chapter 6 which explains the difficulties facing any potential new entrant. As far as I'm concerned, evidence on margins and such really don't mean much unless there are substantial restrictions against new entry. Read more

Inflation numbers for the June quarter are out. The Consumer Price Index (CPI) rose by 3.3% in the year to June. Read more

In my book, governments that do not publish a competent cost-benefit assessment justifying their spending and regulatory proposals do not take community wellbeing seriously.(Only if the wellbeing benefits plausibly exceed the costs is the policy likely to benefit the public.) The absence of such an assessment is now common. It suggests that a measure is being imposed on the public for partisan or elitist, paternalistic reasons. Read more

In 1870, British Prime Minister William Gladstone up-ended Britain’s civil service. Instead of officials being appointed by politicians following changes of government, Gladstone’s reforms introduced a permanent, politically independent public service. Read more

Treasury’s report this week on long term fiscal position does not make easy reading. Based on historical trends, the analysis shows government spending will consume 43% of GDP, up from 33% currently, by 2061. Read more

Once upon a time, central bankers did not tweet. And not just because there was no Twitter. Read more