One of the dirtiest and most painful secrets of our publics finances. Sitting there in plain sight in the RBNZ’s accounts.
Hi Chris, mate, I have some bad news. Are you sat down?
Oooh. Juicy!
When Govt spend money into the economy, they create the money to pay taxes and they create the special bank reserve money that *has* to be used to buy Govt bonds. The spending comes first. The real constraint on what we can do is *what we can do*. It's not about the money. Never has been. [Ends]
Hey, during my sabbatical I made a podcast! It’s a one-shot miniseries about what happened after the world’s most ambitious upzoning campaign won.
Here’s the trailer; episodes coming weekly all through June & July. You can subscribe on Apple/Spotify/etc.
rss.com/podcasts/yim...
#NZpol
So, someone had a wee chat the other day...
Why should the average person listen to it? "Learn more how the economy actually works".
And business...? "Hopefully this will help you understand why things aren't the way you're told they should be."
Great listen @bernardchickey.bsky.social
NEW: A WIRED investigation found Grok hosting nonconsensual and explicit sexualized images of, among others, Alexandria Ocasio-Cortez and a number of celebrities on the eve of SpaceX's $1.75 trillion IPO. @mattburgess1.bsky.social reports:
Budget no biggie in polls for Nats, but normal service resumes for Greens and Act. TOP on 3.2 also tantalising.
Seats - Govt 62 - Opp 58
Latest TPU/Curia poll:
Labour 32.2 (+0.3)
National 31.1 (+ 0.1)
Greens 11.5 (+1.8)
Act 7.8 (+1.3)
NZF 11.4 (-0.3)
TPM 3.1 (-1)
TOP 3.2 (+0.4)
I wrote a summary piece on all the reasons why an LNG import terminal is a bad idea (unpaywalled). It's a cost to the economy, raises power prices, and increases emissions.
A WIRED investigation found dozens of “nudified” deepfake images and videos on Grok's website, including nonconsensual depictions of celebrities and at least one prominent US politician.
It's weird watching people trying to work where we are going to 'find the money' to invest in getting our country back on track. Why don't they start here - the $30bn sat in the Govt's settlement account? The only thing stopping this money being spent is votes in parliament. What? [🧵 1/n]
In 2021, the nation of New Zealand announced the YIMBY rapture.In the country's five largest cities, you would be allowed to build up to eight-story buildings anywhere within a 10-minute walk of mass ...
