Ministry of Social Development is in bad need of a complete overhaul (Christel Yardley/Waikato Times) Ministry of Social Development (or as I sometimes call it, Ministry of Social Destruction) is responsible for the implementation of social services and advising the Government on social policy. As it has evolved so have the attitudes of those relying … Continue reading Reforming Ministry of Social Development
New Zealand superannuation’s $625 billion mistake (and other consequences)
When National Party leader Robert Muldoon was elected Prime Minister in 1975, he made a decision (not Think Big - more on that another time) that should bother every economist in New Zealand to this day. He abolished the compulsory contributory New Zealand Superannuation scheme. 50 years later, the decision to abolish that scheme is … Continue reading New Zealand superannuation’s $625 billion mistake (and other consequences)