Utopia, you are standing in it!

On Monday the Reserve Bank Board put out a release indicating that it was opening applications to fill two external MPC vacancies (which will arise next year when the second and final terms of Peter Harris and Caroline Saunders expire). By law, the Minister of Finance can appoint to the MPC only people the Board has recommended (the Minister can reject nominees, but cannot simply impose his/her own people). There are all sorts of problems with this process and with the people involved in it, but that is for another day and another post.

When I opened Monday’s emailed release, my eye lit immediately on this

This appeared to be quite a change from the stance adopted by the Board (which includes the Governor) and the Minister of Finance since the MPC was set up under which (to quote from a January 2019 Treasury report to the Minister released to…

Point of Order was alerted by Kiwiblog’s David Farrar to the shape of local government which is being recommended in its final report by Labour’s hand-picked panel.

Farrar particularly noted the proposal from this government-appointed body to dismiss the principle of equality of suffrage.

His article drew attention to these proposals:

• Taxpayers to hand over $1 billion a year to fund local councils, on top of rates
• Lower voting age to 16
• Make STV compulsory for all Councils
• Allow Councils to charge congestion charges, bed taxes, visitor levies and value-added taxes
• Rejects equality of suffrage as a western-style ideal (in fact it is a universal human right)
• Allow every Council to have direct Iwi/Hapu appointed members with equal voting rights to elected councillors
• Go from three to four year term

Farrar commented:

The Western Schism

While, by now, the papacy had officially relocated from the banks of the Rhone to the banks of the Tiber, St. Peter’s vast riches, library, and archives still mostly remained in Avignon. Throughout the latter months of Pope Gregory XI’s rule, the papacy spent large sums of money transporting its own treasures to Rome –a task which required scores of dutiful scribes and accountants. Despite being only forty-eight, and having been appointed pope in 1370, Pope Gregory was not long for this life and he realized that a house divided could not stand. With what little time he had left, he sought to re-orient the Sacred College away from its French branch and toward a decidedly more Italian pontiff. When Gregory died on March 27, 1378, the people of Rome could be heard shouting, “Romano lo volemo, o almeno italiano!” (or “we demand a Roman or at…

Victoria (May 24, 1819 – January 22, 1901) was Queen of the United Kingdom of Great Britain and Ireland from June 29, 1837 until her death in 1901. Her reign of 63 years and 216 days is known as the Victorian era and was longer than any of her predecessors. It was a period of industrial, political, scientific, and military change within the United Kingdom, and was marked by a great expansion of the British Empire. In 1876, the British Parliament voted to grant her the additional title of Empress of India.

Princess Alexandrina Victoria of Kent was the daughter of Prince Edward, Duke of Kent and Strathearn (the fourth son of King George III and Charlotte of Mecklenburg-Strelitz), and Princess Victoria of Saxe-Coburg-Saalfeld, the fourth daughter and seventh child of Franz Friedrich, Duke of Saxe-Coburg-Saalfeld, and Countess Augusta of Reuss-Ebersdorf. One of her brothers was Ernst I, Duke of…

William IV ( August 21, 1765 – June 20, 1837) was King of the United Kingdom of Great Britain and Ireland and King of Hanover from June 26, 1830 until his death in 1837.

William was born in the early hours of the morning on August 21, 1765 at Buckingham House, the third child and son of King George III and Charlotte of Mecklenburg-Strelitz, the youngest daughter of Duke Charles Ludwig Friedrich of Mecklenburg-Strelitz, Prince of Mirow (1708–1752), and his wife Princess Elisabeth Albertine of Saxe-Hildburghausen (1713–1761). Mecklenburg-Strelitz was a small north-German duchy in the Holy Roman Empire.

Prince William had two elder brothers, George, Prince of Wales, and Prince Frederick (later Duke of York and Albany), and was not expected to inherit the Crown. He was baptised in the Great Council Chamber of St James’s Palace on September 20, 1765. His godparents were the King’s siblings: Prince William Henry…

Last month (May), I wrote that Switzerland was the world’s best-governed nation, based on the latest Misery Index.

The month before that (April), I wrote about Switzerland ranking #1 in the Human Freedom Index.

And the month before that (March), I wrote about the ongoing success of the country’s spending cap.

This small country gets a lot of attention because it is a role model.

It has a wide range of good policies (low taxes, private retirement savings, federalism, etc), but it also has very sensible people.

The Swiss have opportunities to engage in direct democracy, and over and over and over again they make sensible choices.

And it just happened again. Voters in Geneva were just asked whether they wanted to increase the Canton’s wealth tax.

Bastian Benrath of Bloomberg reported on the conclusive rejection of the class-warfare scheme.

Geneva voters rejected a…

• Bryce Edwards writes – 

Maybe we’ve all got scandal fatigue. This is the best explanation for why there’s not more public and media concern in the wake of the disturbing report into former Minister Stuart Nash’s relationship with donors. There have been so many integrity violations lately from Government politicians and officials – including Michael Wood, Kiri Allan, Jan Tinetti, and Meng Foon – that it seems hearing about a minister’s dodgy communications with donors barely registers.

The results of the investigation released on Friday morning – in what seems to be something of a calculated government news dump (along with news of Meng Foon’s forced resignation) have largely been ignored or downplayed.

The investigation was undertaken by the Cabinet Office following Nash’s most recent integrity violation, in which he had breached ethical standards, including the Cabinet Manual, by providing sensitive Cabinet information to wealthy businessmen. The leaking was bad…

Until 2022, calling for the abolition of the monarchy may still have been a form of treason in the United Kingdom, but it did not seem to be more generally criminalised. According to the statute books, the Treason Acts remained in force, but they were specialised tools and provided for a limited range of crimes. Section 3 of the Treason Felony Act 1848, for instance, criminalised compassing, imagining, inventing, devising or intending to depose the monarch from the style, honour or royal name of the imperial crown. In practice, such legislation had rarely been used. Even vociferous criticism of the monarchy had not led to such charges or prosecutions. While it technically remained ‘treason’ to call for the abolition of the monarchy, the criminal law had fallen away in reality. Addressing the question of the lawfulness of the Treason Felony Act 1848 and its compatibility with the protections given effect…

James VI and I (June 19, 1566 – March 27, 1625) was King of Scotland as James VI from July 24, 1567 and King of England and Ireland as James I from March 25, 1603 until his death in 1625. Although he wanted to bring about a closer union, the kingdoms of Scotland and England remained individual sovereign states, with their own parliaments, judiciaries, and laws, both ruled by James in personal union.

James was the son of Queen Mary I of Scotland and her second husband, Henry Stuart, Lord Darnley. James was a great-great-grandson of King Henry VII of England and Lord of Ireland, through Margaret Tudor, his daughter and the older sister of Henry VIII, and thus a potential successor to all three thrones.

James was born on June 19, 1566 at Edinburgh Castle, and as the eldest son and heir apparent of the monarch he automatically became…

Global demand for most of our export commodities has softened recently, ANZ Bank economists tell us. China’s economy has not recovered as quickly as expected, putting downward pressure on prices.

Farmgate returns for most industries are at or above a five-year average, ANZ agricultural economist Susan Kilsby  reports. But cost increases in many cases mean that returns are barely covering costs, The rapid rise in interest rates is a major cost that is taking a toll on heavily indebted businesses.

Farmgate prices for milk and meat have softened, although procurement pressures have kept movements in meat schedule prices in check.

For the horticultural sector autumn harvests are now almost in. The sector’s overriding theme is smaller harvests and slightly stronger prices, but overall returns are well down for many growers.

Dairy commodity prices in particular have continued to weaken and the ANZ Bank has lowered its milk price forecast to…

Edward I (June 17/18, 1239 – July 7, 1307), also known as Edward Longshanks and the Hammer of the Scots, was King of England from 1272 to 1307. Concurrently, he was Lord of Ireland, and from 1254 to 1306, he ruled Gascony as Duke of Aquitaine in his capacity as a vassal of the French king.

Edward was born at the Palace of Westminster on the night of June 17–18, 1239 to King Henry III of England and Eleanor of Provence. Edward, an Anglo-Saxon name, was not commonly given among the aristocracy of England after the Norman conquest, but Henry was devoted to the veneration of Edward the Confessor and decided to name his firstborn son after the saint.

Edward’s birth was widely celebrated at the royal court and throughout England, and he was baptised three days later at Westminster Abbey. He was commonly referred to as the Lord Edward…

The obsession with chaotically intermittent and heavily subsidised wind and solar has few winners and plenty of losers. The latter include the householders and businesses being crushed by power price increases of a magnitude that few of them can afford, and none of them expected (having been consistently lied to by the politicos and MSM about the true and inevitable cost of attempting to run on sunshine and breezes).

The victors include the power generators and retailers (sometimes one and the same – referred to as ‘gentailers’) whose profits are inversely proportional to the pain being suffered by their customers.

While STT has reported on the upcoming 25-30% hike in retail power prices – set to take effect from 1 July – that staggering impost comes on top of increases of between 10-20% in retail power prices that have taken effect throughout the financial year. Which means that many households…