Let’s say you’ve bought non-refundable tickets for a movie, and then hear scathing reviews. It’s better to tear up the tickets and make other plans for the evening rather than bloody-mindedly watch the film just because you’ve already paid to go. Read more

The great legacy of the reforms of the 1980s and 1990s were the durable institutions that have since guided how we are governed. The Fiscal Responsibility Act set a framework for balanced budgets that has withstood many changes in government. Read more

Freshwater management is a tough political problem. Any substantive reduction in the nutrient load in too many of our rivers will require significant land use changes – and changes in wastewater practices in some towns. Read more

The very best part of grad school was the drinking. Well, not so much the drinking. Read more

A couple of years ago, I wrote a short report making the case that New Zealand is the world’s last sane place. Or, at least, if it’s going mad, it’s going mad more slowly than the rest of the world. Read more

The New Zealand Initiative has been a staunch supporter of the coalition government’s housing agenda. While we warned that Kiwibuild would not fix the housing crisis but rather risked diverting the government’s attention from more important reforms, we have had every confidence in Minister Twyford’s wider vision. Read more

Fans of the classic Australian political satire The Hollowmen will remember the standard trick for inflating a figure when doing political math: roll together several years' expenditures to get a bigger number. A smallish-sounding $10 million spending announcement, rolled up over 10 years, becomes $100 million. Read more

Have you ever driven past one of those stores that mostly sells blinds but calls itself ‘Not Just Blinds’ and wondered whether they should have thought a bit bigger in their marketing? This week, the coalition government announced plans for a parliamentary budget office charged with providing independent costings of election policy promises, and with keeping an eye on the government’s compliance with fiscal rules. Read more

It is the hope that this time it will be different that really kills you. Sisyphus at least knew his labours were futile and could resign himself to the task of forever pushing the boulder uphill. Read more

As Doctor Frankenfurter prepared to step up the reactor power input three more points and bring life to the Rocky Horror in the classic Rocky Horror Picture Show, he welcomed the assembled “unconventional conventionists” who would witness his triumph. Unconventional monetary policy is a bit like Doctor Frankenfurter’s giant defibrillator experiment with the Rocky Horror. Read more

They say you should never let a good crisis go to waste. New Zealand’s employment figures currently look superb. Read more

Eighties glam-metal band Cinderella taught us we don't know what we've got until it's gone. But it can be harder to know what you could have had if you never had it at all. Read more

If there’s one line in the 1967 classic film The Graduate that has aged poorly, it might be Mr McGuire’s advice to a young Dustin Hoffman to find his future in plastics. Now, just over 50 years later, plastics are more commonly cast as retro at best, and an environmental menace otherwise. Read more