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The central Government has a local government problem. Rates have been rising too fast, regional councils are seen as inefficient and unaccountable, and the public wants action. Read more
Many pre-modern people believed gambling was bad and suppressed it. If you think about it, your life insurer is a bookie betting that you’re not going to die this year. Read more
New Zealand has been trying to fix its resource management system for the better part of three decades. The Resource Management Act has been amended virtually every year since 1991 and reviewed several times during that period. Read more
In this episode, Eric Crampton talks to Nick Clark about New Zealand's long and troubled history with the Resource Management Act — and whether the Government's 744-page replacement really fixes it. They examine the missing property rights protections, the absence of robust cost-benefit analysis, and the fail-safes needed to ensure the new framework delivers better outcomes for New Zealanders. Read more
Few policies manage to unite the left, the right and the Taxpayers' Union in opposition. The Government's billion-dollar LNG import terminal in Taranaki managed it inside 24 hours. Read more
The furore over immigration settings in the trade deal with India provides an excellent reminder about a basic policy principle. You’ll have a hard time getting a policy right if you’ve misdiagnosed the problem. Read more
Ask anyone in Australia’s competition law community what transformed the economy, and you will hear a familiar story. Australia was once a cartelised, complacent place where businesses divided up markets and consumers paid the price. Read more
New Zealanders once took pride in being a resilient “do-it-yourself” (DIY) people. Working city fathers, like mine, would spend much of their weekends working on their houses, gardens, fruit trees or sheds. Read more
Turn on the news and you will hear endless references to the Crown: “Crown obligations,” “Crown land,” “Crown Treaty settlements.” Politicians make decisions “on behalf of the Crown.” Courts issue rulings about what “the Crown” must do. Yet ask Kiwis what this “Crown” actually is, and many will give blank stares. Read more
For the first time since the Second World War, New Zealand is being asked to make major economic decisions under direct threat from an ally. New Zealand is negotiating a minerals deal with the United States. Read more