As the world comes undone…

I keep thinking that living in today’s world is akin to someone holding on for dear life to an aircraft they somehow got outside of, but it’s about to crash anyway. People are on edge. Societies are bending before the strain of a whole raft of factors topped by a virus that, alas, won’t go … More As the world comes undone…

How to pay for expensive government projects by drinking beer

A little while back some guy on social media informed me for the umpteenth time that New Zealand couldn’t afford HMS New Zealand – a major warship that the government gave to Britain in late March 1909 – because (according to him) the colony was too small, in recession and had only minimal labour force. … More How to pay for expensive government projects by drinking beer

The coronavirus outbreak – the economic impact

What worries me about the COVID-19 coronavirus outbreak isn’t so much the virus itself. It’s the economic effects of the way people – and societies – have been reacting to it since the outbreak began. Because of the way western economics has gone in the past forty-odd years, what economists call a ‘shock’ can have … More The coronavirus outbreak – the economic impact