Michael Reddell

@MHReddell

Economist, commentator, director, homemaker (formerly RBNZ, NZ Tsy, IMF, BoZ, BPNG) By grace, a disciple of Christ

Wellington

Joined October 2017

913Following

4KFollowers

Pinned

Michael Reddell@MHReddell · Jul 27

Could do with one of these for the Orr case. Did he go (Quigley spin) or was he pushed (as now seems much the most likely story)? exechange.com

MHReddell's tweet image. Could do with one of these for the Orr case.

Did he go (Quigley spin) or was he pushed (as now seems much the most likely story)?

exechange.com

343

Michael Reddell@MHReddell · 9 h

Two points about these Luxon claims (h/t Bernard Hickey): - both budgets so far under this govt have added (a little) to deficits, not shrunk them, - the comparison with the early 90s recession is pretty absurd (see, eg, the unemployment rate peaks over successive recessions)

MHReddell's tweet image. Two points about these Luxon claims (h/t Bernard Hickey):
- both budgets so far under this govt have added (a little) to deficits, not shrunk them,
- the comparison with the early 90s recession is pretty absurd (see, eg, the unemployment rate peaks over successive recessions)

304

Michael Reddell@MHReddell · 12 h

2 points: - scale prob shld be formally indexed to a wage measure to avoid putting off rises & the cheap politics when they finally happen - Quigley at the RB (rate set by Remuneration Authority) already gets a lot more than the top of the new scale. nzherald.co.nz/nz/politics/go…

MHReddell's tweet card. The increase for Crown bodies comes as the Govt celebrates tax relief it has introduced.

231

Michael Reddell@MHReddell · Jul 28

I'm sure we used to be told that having a Ministry for Regulation was going to be about reducing, not extending, regulation. But perhaps that "for" had a more direct meaning after all?

MHReddell's tweet image. I'm sure we used to be told that having a Ministry for Regulation was going to be about reducing, not extending, regulation.

But perhaps that "for" had a more direct meaning after all?

682

Michael Reddell@MHReddell · Jul 28

Interesting chart, and the sort of structure NZ champions of a land tax or LVR should stay clear of. (Note tho that without a progressive land tax we also don’t have many large scale corporate residential rental businesses in NZ either)

PPeter Tulip@peter_tulip · Jul 28

So we should remove obstacles to multi-property landlords and build-to-rent. The most important of which is the progressivity of land tax. 2/2

1.0K

Michael Reddell@MHReddell · Jul 27

Make-believe from Labour MP Phil Twyford. Economies adjust to immigration settings of course, but successful economies typically create their own prosperity. High rates of immigration are simply a political choice (about which reasonable people might agree or not)

MHReddell's tweet image. Make-believe from Labour MP Phil Twyford.

Economies adjust to immigration settings of course, but successful economies typically create their own prosperity. High rates of immigration are simply a political choice (about which reasonable people might agree or not)

772

Michael Reddell@MHReddell · Jul 27

Not sure how anyone could think the Reserve Bank Board (Quigley) & mgmt have displayed anything like "integrity" in their obfuscation around, & cover up of, the circumstances around Orr's departure. (but perhaps their "shared principles" are different from those of most people?)

MHReddell's tweet image. Not sure how anyone could think the Reserve Bank Board (Quigley) &amp; mgmt have displayed anything like "integrity" in their obfuscation around, &amp; cover up of, the circumstances around Orr's departure.
(but perhaps their "shared principles" are different from those of most people?)

444

Michael Reddell@MHReddell · Jul 25

From the inbox “Quigley is fast becoming New Zealand’s largest infrastructure project given the size of the hole he is digging for himself, the RBNZ and the MoF…”

4.0K