Last week the government announced, yes I know, a plan for a new bridge over Auckland’s harbour. This announcement should be filed in the same basket as 100,000 new Kiwibuild homes in 10 years, light rail to the airport by 2021, planting a billion trees, and a bike
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 9 of 18 It is notable, but unrelated of course, that in his book Mein Kampf, Adolf Hitler coined the term “Big Lie”, writing that “the broad masses” are more
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 7 of 18 Now that you have a basic understanding of how banks operate, you may find it interesting to read how ill-informed a group of major bank CEOs were
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 6 of 18 In the mid-1980s, New Zealand’s building societies were de-mutualised and became trading companies. The trustee savings banks were allowed to morph into trading banks and almost
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 5 of 18 If banks respond to an increase in the OCR by increasing the interest rates that they pay and charge, the mainstream media (MSM) often report that the
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 3 of 18 Economic booms and bubbles are caused by the fact that the money supply expands when banks create new loans faster than old loans are being repaid. The
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 2 of 18 In PART 1 readers learnt that there is a widespread – but false – belief that banks are financial intermediaries that take in money from savers, aggregate it, and
Yesterday morning the National Party announced that they were proposing to re-write the education syllabus if they win the election. I’ve provided you with a link because it is now hard to find, such is the interest in the policy. Bold or stupid? I pick stupid because education is
Peter J. Morgan Peter J. Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher PART 1 of 18 This is my attempt at a simplified, brief explanation of how the present debt-based money and banking system actually works, with some relevant history, and a few
Dr Rainer Zitelmann fee.org Dr. Rainer Zitelmann is a historian and sociologist. He is also a world-renowned author, successful businessman, and real estate investor. Zitelmann has written more than 20 books. His books are successful all around the world, especially in China, India, and South Korea. His most recent
Daniel Lacalle mises.org Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat? (2015) and Life in the Financial Markets (2014). There are many excuses often used to explain
Kurt Mahlburg mercatornet.com Kurt Mahlburg is a writer and author, and an emerging Australian voice on culture and the Christian faith. He has a passion for both the philosophical and the personal, drawing on his background as a graduate architect, a primary school teacher, a missionary, and a young
As Thomas Sowell has said, “Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it”. Well, not only intellectuals — Labor politicians are just as willfully ignorant. But then, as Anthony Albanese so amply demonstrates, socialist Labor politicians can’t even learn
The question is hypothetical and refers to money this Government spent on healthcare over the last three years: $61.6 billion on Covid management and $6 billion on healthcare reform over two years. With a population of around 4.1 million, that’s just over $16,000 for every man,
Working means income, but working also means productivity, two very separate outcomes that New Zealand government policy managed to annihilate during the Covid years. Working from home became necessary and popular around the world, although the working aspect can be a misnomer. What’s not to like? Bloomberg reported that
