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

Ruth reckons

OPINION: Ruth Richardson, architect of the 1991 ‘Mother of all Budgets’ and the economic reforms dubbed ‘Ruthanasia’, added her two cents to the Treaty Principles Bill with a submission that essentially says it’s time to “have the sovereign authority” define the principles of the Treaty “by design” rather than continue to let them be defined “by accident” by unaccountable institutions like activists in the Courts, the Waitangi Tribunal and officialdom.

Veg, no meat?

OPINION: Why do vegans and others opposed to eating meat try to convince others that a plant based diet is the best, when they themselves actively seek out veg-based products that taste like meat?

Who's the glutton?

OPINION: We are told there is a wine glut - production outstripping demand worldwide - and the words 'wine lakes' are being thrown around.

Colonial science?

OPINION: Science funding for the bulwark of the nation, agriculture, is in a parlous state and less taxpayer money is shelled out for it every year.

Times have changed

OPINION: Back in the 1960s and '70s, and even into the '80s, successive National government Agriculture Ministers and Trade Ministers were at the top of the cabinet rankings.

Featured

Crush death triggers on-farm traffic alert

Following a sentencing for a death at a South Canterbury agribusiness, WorkSafe New Zealand is calling on farmers to consider how vehicles move inside their barns and sheds.

Vegetable growing at risk

Horticulture New Zealand says the country’s ability to provide fresh, healthy vegetables is at risk unless the Government makes growing them a permitted activity.

Industry monitoring dry conditions

While it has been a great spring and summer for farmers, soil moisture levels in the Waikato are now plummeting as the dry February starts to bite.

National

Top dairy CEO quits

Arguably one of the country's top dairy company's chief executives, Richard Wyeth has abruptly quit Chinese owned Westland Milk Products…

DairyNZ seeks more cash

For the first time in 17 years, DairyNZ wants farmers to contribute more cash to run the industry-good organisation.

EPA's plan 'not good enough'

The Environmental Protection Authority (EPA) is bolstering its frontline applications teams in a bid to reduce the timeframe for new…

Machinery & Products

New home for JCB Agriculture

Power Farming has announced a new chapter in its partnership with JCB, which having represented the UK-based company’s construction equipment…

CAT's 100th anniversary

While instantly recognised as the major player in construction equipment, Caterpillar Inc, more commonly known as CAT, has its roots…

» Latest Print Issues Online

The Hound

Ruth reckons

OPINION: Ruth Richardson, architect of the 1991 ‘Mother of all Budgets’ and the economic reforms dubbed ‘Ruthanasia’, added her two…

Veg, no meat?

OPINION: Why do vegans and others opposed to eating meat try to convince others that a plant based diet is…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter