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| Last Updated: Aug 15th, 2008 - 11:26:43 |
Newsletters
:
2005 Newsletters
:
11 November 2005
Thought for the Day
As economist Ludwig von Mises once quipped, when talking about money:
"Government is the only entity that can take a perfectly useful commodity like paper, slap some ink on it, and make it totally worthless."
Nov 11, 2005, 14:35
Newsletters
:
2005 Newsletters
:
11 November 2005
Spread the Word
It is most important that we spread the word around about the importance of growth in the economy. Our governments are becoming more and more pragmatic and will do just what ever is necessary to get themselves elected. If the people want "Bread and Circuses" then they offer "Bread and Circuses". Whether they can or will deliver is another question.
We need to spread the word about the need for a high economic growth rate in order that New Zealanders can afford the best things in life - like health systems with no waiting lists, top quality education, a police force big enough to ensure that crime no longer pays and a justice system that dispenses justice. These things take a little more than just money, I will admit, but money is one essential ingredient.
Pass this newsletter on to a friend and get them to subscribe for themselves. The government must feel more pressure to "Go for Growth" and we must lead the way.
THE BAD NEWS - We have now dropped down the world wide wealth list from 34 last year to 38 this year. It is very easy to slip down and hard to climb up. The levers of power are now set firmly on "low growth". Sign a friend up to this newsletter. Do your bit for growth in the economy.
Nov 11, 2005, 14:39
Newsletters
:
2005 Newsletters
:
11 November 2005
Four Thousand Years of Price Control
You may recall that Rob Muldoon once imposed Price Controls on New Zealanders, along with a wages and interest freeze. This was a last ditch effort to keep control of the economy. Centralised control leads to economic distortions as people follow the incentives and do that which is most beneficial to themselves. These distortions eventually lead to major problems and some sort of "crash".
Muldoon's efforts led to the Lange government which had to institute a new economic regime based on free market principles. This has been a major success and has given us a strongly growing economy from 1992.
The last 6 years of anti-growth legislation is starting to take its toll and the market place is developing distortions in the form of the current housing boom and a large balance of payments deficit.
Our government, instead of leaving the market place to resolve these distortions is moving to impose controls with advice from the Treasury and Reserve Bank.
This will lead to more distortions. Our growth rate is slumping badly and we have dropped from number 35 to number 38 in the world wide wealth list. Some people think that the government can solve our problems for us - I think that the government IS the problem.
We humans never seem to learn but forewarned is forearmed. We are facing low growth and more economic distortions. Here is a story of "Price Control" distortions down through the ages. Are we still unable to learn?
Nov 11, 2005, 13:58
Newsletters
:
2005 Newsletters
:
11 November 2005
Ageing and Ailing Societies: Health and Social Security Reform
New Zealand is now spending $9.5 billion on health care where in 1999 we were spending $6 billion. The evidence to date is that we are no nearer to solving our "Waiting List" problem than before.
It is time for an analysis of health spending and time to get an understanding of what we are trying to achieve. Just spending more money is not the answer. Even if we were the wealthiest nation on earth we should still be trying to get the most health benefit for each dollar spent. But we are not the wealthiest nation - we are down at number 38. Even more reason to find an answer.
Continuing with our series of Opinions from Europe is this article discussing this question. Perhaps we can learn something that will improve the productivity of this sector and allow us to spend our money more wisely or at least to better effect. We must leave no stone unturned if we are to get New Zealand rising up the wealthy lists again.
Oct 31, 2005, 11:12
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