Keith Rankin - Latest News [Page 1]

Money, Public Debt And The Covid19 Emergency

Thursday, 2 April 2020, 8:11 pm | Keith Rankin

What is Money? Money is a mystery. To most of us we receive it, we spend it, we save it, we borrow it. And if we don't have enough, we are in trouble. Many of us think of money as if it is tangible, like gold; something that is naturally scarce, ... More >>

Coronavirus – A Malthusian Event?

Friday, 27 March 2020, 6:58 pm | Keith Rankin

Malthusian checks The 2020 Coronavirus Pandemic has all the visible hallmarks of a Malthusian pestilence, a necessary positive check visited upon an overabundant humanity. Indeed, that is a likely future interpretation of this event. It's an important ... More >>

Universal Basic Income And Covid19

Wednesday, 25 March 2020, 8:37 pm | Keith Rankin

I keep hearing rather unfortunate 'expert' comments in response to questions asked about Universal Basic Income (UBI) as a way of responding to the Covid19 economic contraction. These comments all relate to a 'straw man' concept of UBI that is obviously ... More >>

Economic Emergency 2020, Will There Be A Resumption Of Normality?

Thursday, 12 March 2020, 4:47 pm | Keith Rankin

For a few weeks now, awareness has been growing that the global economic consequences of the Covid19 epidemic (that WHO today notes has "characteristics of a pandemic") may be greater than the medical consequences, even if the European death rates fail ... More >>

Keith Rankin: Another Option for Auckland's Port

Thursday, 12 December 2019, 2:21 pm | Keith Rankin

The case for a complete relocation of Auckland's Waitematā Harbour freight port is far from established. Nevertheless, Auckland will grow over the long term, and the freight operations need to move away from the area close to the downtown Ferry ... More >>

Liberal Mercantilism and Economic Capitalism

Friday, 28 September 2018, 10:32 am | Keith Rankin

Most of us realise that there is something wrong with capitalism as we know it. We also accept that capitalism is here to stay; the only practicable alternatives are evolutions of capitalism, not from capitalism. More >>

The Government's New 'Employment' Contract

Wednesday, 28 March 2018, 10:07 am | Keith Rankin

The government has got it badly wrong with the new Policy Targets Agreement , its contract with the Reserve Bank about monetary policy. Perhaps inadvertently, the emphasis is now on maximising employment, not living standards. Maximising employment ... More >>

Public Equity and Tax-Benefit Reform

Thursday, 14 December 2017, 5:55 pm | Keith Rankin

Public Equity is not a difficult concept to understand. Equity is about ownership. And equity is about equality. Equal owners own what they own equally. Two equal owners of a house own that house equally. Two people with equal shares in a business have ... More >>

UBI as a Reconceptualisation of Income Tax

Thursday, 24 March 2016, 1:13 pm | Keith Rankin

I am worried that too much of the recent talk around the introduction of a universal basic income has been unhelpful. The concept – defined in 1991 – is still not understood by the politicians and journalists who represent the public's main source ... More >>

Predicting the World Economy through Financial Balances

Thursday, 8 October 2015, 11:33 am | Keith Rankin

In my most recent Charts for this Week on Evening Report , I have published charts of average private sector and government financial balances (surpluses/deficits) for a wide range of countries for two decades of financial excess ( Spread of Financial ... More >>

Keith Rankin: Germany, the Eurozone and Mercantilism

Tuesday, 29 September 2015, 4:11 pm | Keith Rankin

Of all the naughty isms in the world, mercantilism is so high in the economist's bad books that this m-word is barely mentioned today. One reason for this is that mercantilism is so widely practised, that any serious discussion of the topic would ... More >>

The Economy of Services

Wednesday, 16 September 2015, 8:35 am | Keith Rankin

I wrote last week about how just about everyone – even economists who should know better – regard the economy as a production system. We imagine a whole bunch of goods that are produced and then, through their sale, turned into money. Thus, in ... More >>

The Economy: What's it for?

Monday, 7 September 2015, 12:32 pm | Keith Rankin

I re-watched the Q+A 'immigration debate' screened (parts one and two ) by TVNZ on 23 August. In light of recent events, the discussion already seems very dated. The underlying assumptions – especially by the two macroeconomists on the panel – ... More >>

The Migration Crisis in Europe, Africa and Asia

Thursday, 3 September 2015, 9:48 am | Keith Rankin

The flood of immigrants into Europe this year represents something quite separate from traditional refugee settlements that spring up near to borders of conflict zones. This is globalisation in action, not simply refuge from conflict, and it reminds ... More >>

Rankin: Hollow Auckland, Hollow Media, Hollow Opposition

Monday, 24 August 2015, 12:58 pm | Keith Rankin

I was interested to hear this story ( More students at poorest schools ) on Thursday (20 August), about the large changes in school enrolments in Decile 10 and Decile 1 schools. These are the schools that are located in the richest and poorest suburbs ... More >>

Auckland Slowdown?

Monday, 17 August 2015, 10:40 am | Keith Rankin

Has the Auckland housing market turned? I went to a neighbourhood auction yesterday. Solid large 1950s' house on 1,000 square metres of land, sunny section, view over city from front of house, handy to train and to the expanding New Lynn retail and ... More >>

Trans-Pacific Partnership or Jousting Contest ?

Thursday, 6 August 2015, 9:02 am | Keith Rankin

The perpetually nearly-finished TPP negotiations perpetuate once again. Cars and cows are the problem, we are told. More >>

Centenary of the Battle for Chunuk Bair

Monday, 3 August 2015, 9:25 am | Keith Rankin

Keith Rankin, 3 August 2015 This coming weekend marks the centenary of the Battle for Chunuk Bair. This battle is often regarded, as in the overview to the 1991 movie Chunuk Bair, as "a formative NZ nationhood moment". Indeed it was the principal ... More >>

The Balance of Payments and the Housing Market

Thursday, 30 July 2015, 9:50 am | Keith Rankin

On Morning Report on Friday (24 July), I heard the following exchange between Guyon Espiner and Finance Minister, Bill English. More >>

Auckland Housing: What's in a Name?

Tuesday, 21 July 2015, 9:03 am | Keith Rankin

What would economic historians 50 years' hence think of the Auckland housing market in the 2010s? Possibly not much; there may be bigger issues to investigate. But how would they deal with the lack of official data about property ownership? They would ... More >>

 

 

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