Finance Freedom: Rediscovering how New Zealand built itself

Finance Freedom: Rediscovering how New Zealand built itself

New Zealand spends more on infrastructure than almost any developed country, yet still cannot build the pipes and roads new housing needs. Why? Oliver Hartwich and Benno Blaschke trace an idea the Initiative has followed for over a decade. It began in 2013 with a proposal drawn from how other countries fund the infrastructure needed to connect new suburbs to cities: let the people who move in pay for it, rather than loading the upfront cost onto existing ratepayers. At the time it seemed radical. Then the Initiative discovered New Zealand had done exactly this for most of the twentieth century. Communities could raise their own debt and build what they needed, without asking central government for money or permission, and funded more than half the country's local infrastructure that way, before the system was dismantled in the 1990s. The Infrastructure Funding and Financing Act 2020 began rebuilding it, but the government still sits at the centre, and six years on only three projects have used it. Benno sets out a ten to fifteen year pathway to developing institutions robust enough that communities can choose to fund their own growth, carry the risk themselves, and build without waiting on councils or central government for permission. When communities can stand on their own feet, the government can step back. The result would take the burden off ratepayers and taxpayers, and give a more responsive planning system the infrastructure it needs to make housing affordable.

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Free to Disagree: Chris Bishop’s biggest achievement may not save his political career

Free to Disagree: Chris Bishop’s biggest achievement may not save his political career

Here is a full episode of Free to Disagree, our new weekly show with Oliver Hartwich and Damien Grant. Chris Bishop passed the new Planning Act with one working day to spare, and may not be in the ne...

19 Loka 45min

Free to Disasgree: Is National losing voters to ACT, or driving them away?

Free to Disasgree: Is National losing voters to ACT, or driving them away?

Here is a full episode of Free to Disagree, our new weekly show with Oliver Hartwich and Damien Grant. Three polls landed this week, with National under 30 per cent on the party vote while holding 44...

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Replacing the RMA (Part 1): a new system, but the rules are still to come

Replacing the RMA (Part 1): a new system, but the rules are still to come

In this episode, Dr Eric Crampton talks to Nick Clark and new senior fellow Paul Melville about the two new acts replacing the Resource Management Act and what the new system gets right, including sta...

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Diesel, choke points and New Zealand's strategic blind spot

Diesel, choke points and New Zealand's strategic blind spot

In this episode, Oliver talks to Major General John Howard about Russia's escalating pressure on NATO, the diesel squeeze working its way through global supply chains and why New Zealand's just-in-tim...

6 Loka 33min

A referee for the price of land

A referee for the price of land

New Zealand has new planning laws. They passed in September and replace the Resource Management Act. Right at the end, Parliament added something no other country has: a land markets officer. Think o...

1 Loka 58min

Free to Disagree: The surplus that is always three years away

Free to Disagree: The surplus that is always three years away

Here is a full episode of Free to Disagree, our new weekly show with Oliver Hartwich and Damien Grant. The Treasury's pre-election update showed spending up, revenue down and debt rising after three ...

1 Loka 40min

How New Zealand built its education system on classical liberal values

How New Zealand built its education system on classical liberal values

In this episode, Michael talks with Dame Elizabeth Rata about her documentary lecture series on the history of education in New Zealand. They discuss the 19th-century origins of free, compulsory and s...

29 Syys 49min

Free to Disagree: Nicky Hager's book and the Taxpayers' Union

Free to Disagree: Nicky Hager's book and the Taxpayers' Union

Here is a full episode of Free to Disagree, our new weekly show with Oliver Hartwich and Damien Grant. Nicky Hager's new book on the Taxpayers' Union has had several of its claims publicly contradict...

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