Wednesday, 23 October 2024 13:25

'Mea culpa'

Written by The Hound

font size decrease font size increase font size
Print
Email

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

Time for action

OPINION: If David Seymour's much-trumpeted Ministry for Regulation wants a serious job they need look no further than reviewing the rules and regulations governing members of the so-called House of Representatives.

Editorial: Changes to Paris deal

OPINION: Everyone wants to go to heaven, but nobody wants to die.

Wrong focus

OPINION: Your old mate reckons townie Brooke van Velden, the Minister of Workplace (or is it Woke Place) Relations is now showing how underemployed she is as a minister by initiating an investigation into whether young children should be banned from collecting eggs on farms and feeding animals.

Burn the village

OPINION: There's an infamous term coined by a US general during the Vietnam war, specifically in reference to the battle of Ben Tre: "We had to burn the village to save it."

Purist problem

OPINION: The sudden departure of Jim Ward, manager of Molesworth Station for 24 years, highlighted some major dysfunction in the way conservation estate is managed in this country - the biggest problem, as the Hound sees it, being idealogues who harp on about "taonga" and use all means possible to block sensible commercial operations on conservation land.

Featured

Fieldays 2026: ACC Highlights Farm Injury Prevention

ACC says that this week's Fieldays is a great chance for farmers to pause and reflect on their processes and ensure that their life is in balance.

BNZ Launches First Farm Funding Boost Scheme

Bank of New Zealand (BNZ)will expand its First Farm support with a new funding boost designed to help more farmers and growers take their next step into farm ownership.

Westmorland Estate Celebrates Team Success in Dairy

Westmorland Estate Ltd, a Waikato company running three dairy farms, runs on the philosophy that 'you are only as good as your team'.

AgriZeroNZ Launches $51m Emissions Accelerator

AgriZeroNZ is ramping up efforts to accelerate the uptake of emissions reduction tools on farm with a new initiative to help more farmers put proven tools into practice.

Federated Farmers Release 2026 Election Platform

With the general election just molnths away, farmers have launched a five-point plan for the next government.

Government Invests in Rural Community Resilience

The Government is investing in a range of initiatives designed to strengthen the resilience of rural communities and improve preparedness for future adverse events.