Keith Rankin - Latest News [Page 2]

Money: Where Does It Come From, Where Does It Go?

Tuesday, 11 August 2020, 5:15 pm | Keith Rankin

"I think you have to recognise money comes from somewhere. It doesn't just come from a big money tree." Judith Collins 2020 "Someone has to pay the bill – there aren't little pixies at the bottom of the garden printing cash." ... More >>

Counting The Cost Of Government Action And Inaction

Thursday, 6 August 2020, 4:13 pm | Keith Rankin

Money as an Unfortunate Metaphor for Cost Especially but not only in election years, when any new policy is proposed by a major party, a ubiquitous refrain follows: "what will it cost?"; "where will the money come from?". The context is ... More >>

Rob Muldoon And Judith Collins

Friday, 31 July 2020, 11:46 am | Keith Rankin

Rob Muldoon was a pugnacious and abrasive prime minister of New Zealand who was treated unkindly by commentators – and even historians – in the aftermath of his period in office (1975 to 1984). Hopefully, future historians will treat him ... More >>

Optimising Work-Life Balance In The Wake Of Covid-19

Friday, 24 July 2020, 1:23 pm | Keith Rankin

Changing Income-Relaxation Balance as a sequence of Pie Charts On June 30 ( Chart Analysis on Evening Report ) I promised to elaborate on the economic policies that would underpin the new optimisation of work-life balance. I argued that economic ... More >>

Universal Basic Income: Left, Right, And Centre

Thursday, 16 July 2020, 11:24 am | Keith Rankin

1. Representative Democracy On 26 June, I attended a zoom webinar called 'Modern politics – 20thC to MMP', run by Auckland Libraries and The speakers were politics' academics Grant Duncan and Toby Boraman, from Massey University. Duncan ... More >>

Duty Of Care And Economic Citizenship

Tuesday, 7 July 2020, 9:38 am | Keith Rankin

Three Citizenships The concept of 'citizenship' has both general and specific meanings. The most specific and familiar I call passport citizenship . A passport citizen of a country is a person holding a passport for that country, or with unambiguous entitlement ... More >>

Green Party Tax-Benefit Policy Is Not Helpful

Thursday, 2 July 2020, 4:49 pm | Keith Rankin

Socialism versus Progressive Capitalism I was disappointed that the Green Party continues to reject a distributive Universal Basic Income (UBI) in favour of a redistributive and polarising Guaranteed Minimum Income (GMI) model. GMI is the antithesis of UBI. More >>

Imagination, Science, And Day-to-Day Magic

Friday, 26 June 2020, 12:18 pm | Keith Rankin

Fundamental Magic The fundamentals of existence are difficult to explain, which is why we need to fall back on abstract 'creators'; ie beings sufficiently abstract that they themselves do not need to be explained. Here is my big three list of origin ... More >>

Foreign Lives Matter

Tuesday, 16 June 2020, 5:07 pm | Keith Rankin

Foreign lives matter, especially (but by no means only) when they are our foreigners. As intimated on 15 March 2019, our foreigners include all non New Zealand citizens in New Zealand, at a given point in time (the 'present'). And our foreigners include ... More >>

Goldmining As Our Metaphor For Economic Activity

Thursday, 11 June 2020, 5:44 pm | Keith Rankin

Imagery: Metaphors, Symbols, Analogies As a species, people use symbols to facilitate understandings of the complexities of the world. In the last millennium in Europe, the highest subjects of learning were 'classical studies' and 'theology'. It was ... More >>

A Plague Of Pandemics, Including A Pandemic Of Plague

Tuesday, 9 June 2020, 5:25 pm | Keith Rankin

How many current pandemics? The word 'pandemic' is not entirely defined on narrow public health criteria. (Likewise, an economic depression has no technical definition.) In an important sense it is a word of history, a word to describe significant health ... More >>

Economic Impacts Of Pandemics

Friday, 5 June 2020, 11:45 am | Keith Rankin

The conversation around the 2020 covid19 pandemic has been widely framed as 'health versus the economy'. It has been quite political, with people leaning to the left emphasising 'health', and people leaning to the right emphasising 'the economy'. ... More >>

Mindframes And Doughnuts

Wednesday, 3 June 2020, 2:33 pm | Keith Rankin

When things go wrong with economic life, it's easy to blame economics; that is, the academic discipline called 'economics'. We all live economic lives, and use metaphors to give meaning to that amorphous thing we call 'the economy' and to our individual ... More >>

Deeply Negative Interest Rates

Thursday, 28 May 2020, 4:44 pm | Keith Rankin

On Project Syndicate – and in other places in recent months – orthodox US economist Kenneth Rogoff has presented the case for deeply negative interest rates . Another financial sacred cow falls; yes, interest rates can be negative, even substantially ... More >>

Government And Money During A Major Economic Downturn

Tuesday, 26 May 2020, 3:43 pm | Keith Rankin

from an interview with Geoff Bertram , on The Panel, RNZ 22 May 2020 Wallace Chapman: "Are we setting up our future generations, our future children, to be born into a life of national debt?" [He mentions the on-line Fabian Society discussion ... More >>

Unpacking Our Fear Of Government Debt

Thursday, 21 May 2020, 5:16 pm | Keith Rankin

Budget-related Economic Chatter Last week in New Zealand was Budget week, and the chatter the burden of government debt reached a crescendo. I will highlight here comments made, on Monday 11 May, by four economists with substantial media profiles, ... More >>

Universal Versus Targeted Assistance, A Muddled Dichotomy

Tuesday, 19 May 2020, 4:17 pm | Keith Rankin

The Commentariat There is a regular commentariat who appear on places such as 'The Panel' on Radio New Zealand (4pm on weekdays), and on panels on television shows such as Newshub Nation (TV3, weekends) and Q+A (TV1, Mondays). Generally, these panellists ... More >>

Pie Economics: A Way To Understand Economic Balance

Wednesday, 13 May 2020, 10:51 am | Keith Rankin

Economies as Pie Charts Most of us are familiar with the expressions 'economic pie' or 'economic cake'. The 'pie' metaphor is probably best, because pies represent a holdall food item, less homogeneous in their finished forms than are cakes. Further, ... More >>

Can Our Grandchildren Be Our Creditors?

Thursday, 7 May 2020, 4:52 pm | Keith Rankin

"We are borrowing tens of billions of dollars from our children and grandchildren to get us through the Covid crisis…". ( James Shaw in interview on Radio New Zealand's Nine to Noon, 23 April 2020) Debtors and Creditors Literally, for me to ... More >>

Smart Treatments In A Pandemic; Lessons From The Black Flu

Tuesday, 5 May 2020, 6:42 pm | Keith Rankin

Surviving the Black Flu It has been interesting for me to look back and investigate the Black Flu pandemic of 1918. The 1918 pandemic is widely regarded to have been the world's worst pandemic since the Black Death of the late 1340s. (It was commonly More >>