Why Budget 2013 Doesn’t Matter

In a short time, Bill English will stand up in Parliament and deliver his Budget Speech. For the temporary government (that’s the guys some of us elect every 3 years), the Budget is the highlight…

Gosplan And Soviet Aotearoa

The Soviet Union collapsed because of central planning. The agency responsible for the 5 Year Plans was called Gosplan. It would use statistics to decide what would be produced, where it would be produced and…

Abandoning Economic Models

I’m currently reading Nassim Taleb’s latest book “Antifragility: Things That Gain From Disorder“. He doesn’t pull any punches with his dislike for economists. He thinks they’re charlatans who suffer from physics envy and calls their…

Do We Need Big Banks?

Humans can’t handle more than 150 relationships. It’s a throwback to our caveman past – when tribes exceeded 150 people, bonds of trust started to weaken and no one really knew what was up. Big…