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| Last Updated: Aug 15th, 2008 - 11:26:43 |
Newsletters
:
2006 Newsletters
:
29 September 2006
Thought for the Day
Statistics are of course very hard to define, measure and agree upon. The latest growth figures came out today from the Statistics Department so I thought I would tell you what they say.
For the last four quarters from July 2005 to June 2006 the increases in "Economic Activity" were; 0.2%, -0.1%; 0.7% and 0.5%. A total increase for "Economic Activity" for the year of 1.3%.
The calculated increase in GDP on an annual basis as at the end of each of these four quarters was stated as; 2.7%, 2.2%, 2.2%, and 1.9%. I am not sure how they adjusted the 1.3% to be 1.9% as at the end of June this year.
From this we can conclude that our economic growth rate is slowing down from 2.7% a year ago to 1.9% or 1.3% in June this year.
These figures have been adjusted for inflation as far as I can tell but no mention was made of population growth. Now the Statistics Department states that over this period the growth in population was 1.0% which means that our growth rate per head of population is only 0.3% or perhaps 0.9%.
After 7 years in government our Labour leaders have certainly transformed our economy - in the wrong direction, as we predicted.
The trend is down. What are our leaders doing to improve our growth rate? More of the same?
Sep 29, 2006, 12:24
Newsletters
:
2006 Newsletters
:
29 September 2006
What Government Is Doing to Our Money
Milton Freidman said, "Inflation is always and everywhere a monetary phenomenon." That is, too much printed paper money chasing the nation's goods and services.
When the government prints more money (and/or issues more credit) then we get inflation. From 1983 to 2003 we had eight years where money inflation was averaging around 15%. No wonder that the CPI showed inflationary times!
As it seems so often, the Government is not the solution - it is the problem. If you want to get some idea of how and why governments control the printing presses for money then this article will explain things for you.
Government control of money does not lead to higher economic growth but to continual boom and bust business cycles.
Things are just getting interesting!
Sep 22, 2006, 14:19
Newsletters
:
2006 Newsletters
:
29 September 2006
Sweden's Election. Voters of the Centre-right, Unite.
Lessons for Britain and others in Europe from Fredrik Reinfeldt's victory.
Will this happen in New Zealand?
Sep 22, 2006, 13:31
Newsletters
:
2006 Newsletters
:
29 September 2006
Global Taxes Feed the Greedy and Corrupt
About three years ago it seemed to me that Helen was well suited to a job in the UN. Now it loks as if she is having a shot at the top job. What a coup for Helen and New Zealand.
I am sure that she would be able to do something about the UN proposal to tax us all as individuals with their new "world tax" system.
We all know that increasing taxes leads to lower growth in economies. Even Michael Cullen is now acknowledging this with his new tax initiative - assisted by Peter Dunne.
According to an IRD study in the 1990s our maximum growth rate could be achieved with a tax take amounting to 19.6% of GDP compared with our current 40% (including local bodies). Our current growth rate is much diminished by Labour legislation - dropping from 4% or 5% a year or two ago to nothing in the second half of last year - and current socialist thinking will continue to rob New Zealanders of a wealthy future.
We can, fortunately, vote out the high tax merchants of universal poverty but what happens when the UN gets its way and achieves universal taxation from all and distribution to cronies?
Read on and weep . . .
Sep 14, 2006, 09:35
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