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…

Trends In Government Spending

I was concerned the other day when someone told me that NZ government spending was on a downwards trajectory because of “austerity”. From The Treasury’s Budget 2012 Summary Of Trends we can see actual total…