I spend a fair amount of time in Port Moresby (after decades away). Much of this rings true, except that when I go out walking early in the morning there are plenty of others, locals and expats, doing so too. insidestory.org.au/people-watchin…

As with the equally absurd “pay equity” settlements in NZ

I guess this wasn’t one of the worst of Orr’s numerous behavioural lapses, but the tame board (chair recently reappointed by this govt) provided cover for him anyway. bnnbloomberg.ca/business/inter…

Mine was that powerful decision makers can make catastrophically costly choices and face no real accountability at all. Here I have in mind not politicians but, in particular, the RB Governor and MPC, whose failures we now paying the heavy price of. nzherald.co.nz/business/what-…

“parties across the political spectrum sound increasingly similar when it comes to fiscal policy: they all campaign on ideas of a bigger government and promising more spending.” content.govdelivery.com/accounts/USIMF…

And yet the people running GWRC want to reduce fares further for longer trips. Much better to get congestion charging in place and then push up public transport fares to nearer to user pays.

Interesting piece from a couple of ECB researchers cepr.org/voxeu/columns/…

Interesting thread, with a typo in the first tweet: most central banks are close to 2. And with a policy interest rate as the primary instrument that seems on balance preferable and prob psychologically inevitable.

It seems embarrassingly incompetent that after 9mths the govt still hasn’t replaced Hughes but….. the Act is quite clear that the govt can decline a CE recommendation and can if it wishes appoint its preferred person. businessdesk.co.nz/article/policy…

I’m going for correlation rather than causation, but interesting nonetheless