Tag Archives: Reserve Bank

Debt Jubilee for New Zealand?

Earlier in the year I wrote a two part exposition of the old idea of a debt jubilee but with a new twist. The proposal by Australian economics professor Steve Keen neatly sidesteps the problem of moral hazard by giving everyone money, not just wiping the slate clean of the indebted. The way it would […]

Captain deluded or market poodle?

History will not be kind to retiring Reserve Bank of New Zealand governor Alan Bollard. But then he will be in good company along with Alan Greenspan, Ben Bernanke, Jean Claude Trichet, Mervyn King et al. His 2010 book Crisis about his experience of the GFC suggested a man tougher on the big banks behind the scenes than […]