Another closing of the browser tabs, including a couple from Auckland University's Prof Robert MacCulloch, who's caught a few things I'd missed.
- MacCulloch catches a piece from John McDermott, former RBNZ Chief Economist, criticising the Bank's recklessness. Adrian Orr likes to paint his critics as being some kind of right-wing extremists. Bit harder to do that with McDermott. But it's also worth noting that some of the decline at RBNZ happened under McDermott's watch. That's when research capabilities started being pushed out.
- MacCulloch finds Shamubeel Eaqub's critique of ACT Party leader David Seymour's economics more than a little thin. Bottom line: it's off to paint Seymour's positions as 'illiterate' and 'lies' when plenty of economists agree with Seymour on that excessively loose fiscal policy can contribute to inflation when we're up against supply constraints. Perhaps some of is definitional? I'm generally happy to say that inflation is always and everywhere a monetary phenomenon, but if government is running giant deficits while facing a positive output gap, it's going to be pushing up prices by doing so. FWIW, here's Waikato's Prof Frank Scrimgeour also noting pointing to the consequences of the continued inappropriate fiscal push.
- Under pressure over testing, Director General of Health Bloomfield told press "To improve our horizon scanning and considering new tests, we have established an innovation team... reviewing other countries' experiences with the use of testing technologies." There was no such team. What's the way of phrasing things in NZ that avoids defamation... the guy seems to have a habit of saying things that wind up having been entirely wrong, and that any reasonable person in his position should have known to have been falsehoods.
- Things that are overdetermined are overdetermined. Queensland District Council refusing to provide a consent for Peter Thiel to build a lodge on his land: the normal Resource Management stupidity? Council just doesn't like the guy? Both?
- 2022 vs 2008
- Barriers to prescribing medicinal cannabis.
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