The Government's deficit is not like my credit card debt (this is not a blog about Dotcom)

The economy, thank God, does not resemble my household budget. 

Still, National will tell us they have the books in order because they’ve listened to our grandparents' voice of reason: ‘don’t spend more than you earn, and if you get into debt, spend less and save more. Batten down the hatches and wait for the recession to pass.’


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The Reserve Bank Act - time for a review

This year marks 25 years since the Reserve Bank Act 1989 was passed. While it has enjoyed a high degree of cross-party support over that period, the original settlement is unwinding and it is now time for a review. That need not involve throwing the anti-inflation baby out with the bathwater, nor the politicisation of a significant public institution.

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World News Brief, Wednesday March 12

Unrest intensifies in Venezuela; North Korea getting around UN sanctions by using embassies in Cuba and Singapore to facillitate illegal weapons trade; Thailand cops flak in continuing search for missing airliner; Pakistan suffers heavy losses in conflict with Taliban; Tibetans arrested to prevent anti-China demonstrations; new claims as to responsibility for Lockerbie bombing; ousted Ukrainian president insists he is still commander in chief; and more 

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