Wednesday, 23 October 2024 13:25

'Mea culpa'

Written by  The Hound

OPINION: The Reserve Bank’s rate cut is great news, albeit a bit late, but your old mate agrees with Act leader David Seymour that the cut – with more to come – is a “multi-billion dollar mea culpa” by the RBNZ.

It bookends a series of excesses, says Seymour.

The too-easy money of Covid times spiked house prices and inflation.

Then, interest rates shot up, house prices crashed back down. “Interest rates were also driven up by Labour’s Covid spending blowout.

Households responded by making spending sacrifices – and changing the Government.”

No time for Seymour and his coalition cohorts to rest on their laurels though – they need to keep cutting the waste and red tape from Wellington and fast tracking the infrastructure we need to avoid falling further towards third world status.

More like this

Leaky waka

OPINION: Was the ASB Economic Weekly throwing shade on Reserve Bank governor Adrian Orr when reporting on his speech in Washington recently?

Know-it-alls

OPINION: A reader recently had a shot at the various armchair critics that she judged to be more than a bit preachy, telling sheep farmers how they "must learn" and "embrace change" and various other platitudes that armchair critics bandy about on LinkedIn and on the speaker circuit in 'NZ agbiz'.

Mixed legacy

OPINION: You're never as good as when you're dead, and with due respect to Theo Spierings' family, the Hound can't let the death of the former Fonterra CEO pass without mentioning the parlous state he left Fonterra in when he exited in 2018 - having pocketed well north of $30 million over seven years.

Dead in the water

OPINION: In a victory for common sense over virtue signalling, David Parker's National Policy Statement (NPS) work on freshwater is now dead in the water.

Feed from farmers

OPINION: The country's dairy farmers will now also have a hand in providing free lunch for schools.

Featured

New ag degrees at Massey

Changing skill demands and new job opportunities in the primary sector have prompted Massey University to create a new degree course and add a significant major into another in 2025.

The show is on!

It was bringing in a new Canterbury A&P Association (CAPA) show board, more in tune with the CAPA general committee, that has ensured that Christchurch will have a show this year, says CAPA general committee president Bryce Murray.

National

Food charity to hold online auction

Meat the Need, New Zealand’s dedicated charity delivering locally sourced protein meals to food-insecure communities, is launching an online National…

Machinery & Products

An ideal solution for larger farms

Designed specifically for large farms that want to drill with maximum flexibility, efficiency and power, the new Lemken Solitair ST…

Landpower increases its offering

Landpower and the Claas Harvest Centre network will launch the Claas Scorpion and Torion material handling solutions to the market…

» Latest Print Issues Online

The Hound

Leaky waka

OPINION: Was the ASB Economic Weekly throwing shade on Reserve Bank governor Adrian Orr when reporting on his speech in…

Know-it-alls

OPINION: A reader recently had a shot at the various armchair critics that she judged to be more than a…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter