Lightnews — Scholar-powered news

Economissive

@economissive.bsky.social

400 followers 300 following 110 posts

'One of NZ's premier economists' - TVNZ | 'Fantastic public service in tweeting' - Crown solicitor | 'A boring Lefty' - Newstalk ZB listener Te Ātiawa | Ngāti Rāhiri

Posts Media Videos Starter Packs

Economissive @economissive.bsky.social · 8h

files-au-prod.cms.commerce.dynamics.com/cms/api/qwxs...

Economissive @economissive.bsky.social · 1d

Need @tslumley.bsky.social to post about the education results

x.com/Economissive...

x.com

Reposted by Economissive

The Spinoff @thespinoff.bsky.social · Sep 18

Why is the economy so shit?

A highly technical question we sent out to many of the nation’s leading economists....

thespinoff.co.nz

2 11

Economissive @economissive.bsky.social · Sep 9

Good story

Economissive @economissive.bsky.social · Sep 3

Class solidarity and the class is landlords holding back cities

Economissive @economissive.bsky.social · Sep 3

It's factual

And they're why you're, no doubt, paying ridiculous rents

Economissive @economissive.bsky.social · Sep 3

Your solution is giving retirees effectively a veto over making cities better

That's not antitrust or socialism

Economissive @economissive.bsky.social · Sep 3

Inviting retired cranks who have nothing to do with their time than complain is a great way to decide how everyone should live

Economissive @economissive.bsky.social · Sep 3

The answer: Because we don't allow supermarkets to pop up whereever they're needed. The duopoly buys up land or submits against new building, inhibiting competition

You solution of even fewer supermarkets is... In technical terms... Quite dumb

Economissive @economissive.bsky.social · Sep 3

You: "it's bad to have a supermarket closer to where people live 😭 “

Economissive @economissive.bsky.social · Sep 3

You: "Prices would be lowest if there were no supermarkets at all"

Economissive @economissive.bsky.social · Sep 3

Are you encouraging your electorate to accept the supermarket because it'll mean more competition?

Economissive @economissive.bsky.social · Sep 3

Bro, you're opposing a new supermarket in your electorate

3 2

Economissive @economissive.bsky.social · Sep 2

Bernard Hickey spreading seductive nonsense

Changing who pays from Govt to charges (actually returning many charges to previous 100% user pays levels) has no impact on inflationary pressures
bsky.app/profile/sara...

Economissive @economissive.bsky.social · Sep 1

Transferring funding from the Govt to consumers doesn't have 'inflationary implications', only changing who pays

Bernard Hickey has several 'free lunch' theories. They're all nonsense

Economissive @economissive.bsky.social · Sep 1

If you want to argue that the Government should pay for roads rather than drivers, go for it (also a silly argument to me)

But the idea that this will then cause the Reserve Bank to increase interest rates is dumb

1 1

Economissive @economissive.bsky.social · Sep 1

It's what Bernard Hickey is saying

That the Reserve Bank will increase interest rates because consumers have to pay more...

1 1

Economissive @economissive.bsky.social · Sep 1

The idea that cost inflation would disappear if we nationalised everything and had the Govt pay is a very silly one, Russell

Economissive @economissive.bsky.social · Sep 1

Was the RB tricked when the Govt temporarily paused fuel tax and RUC increases?

The RB has some dumb ideas, so it's not impossible. But seems more likely they looked through one off policy changes

Economissive @economissive.bsky.social · Sep 1

It's the underlying cost increases the RB will be trying to understand, not simply looking at the % the consumer pays for and whether that has increased

Economissive @economissive.bsky.social · Sep 1

If Govt spending reduces and consumer spending increases, there's no net demand increase and inflationary pressure

Underlying cost increases exist whether the Government or consumers pay for it

Economissive @economissive.bsky.social · Sep 1

The idea that we can avoid inflation and higher interest rates if only the Govt pays for things rather than consumers is a bit silly

Bernard Hickey @bernardchickey.bsky.social · Aug 31

The Government just administered an inflation shock. Now, the RBNZ has highlighted the scale of hikes in fees & charges and council rates rises in the latest bout of inflation. Voters have noticed too, and now see Labour as a better manager of inflation. #nzpol thekaka.substack.com/p/the-govern...

The Government just administered an inflation shock

RBNZ highlights scale of hikes in Government fees & charges and council rates rises in latest bout of inflation. Voters have noticed and now see Labour as a better manager of inflation.

thekaka.substack.com

1 1

Economissive @economissive.bsky.social · Aug 28

* or the finite supply, not of