Rod Oram

Another blow for Lusty Len, waterfront plans panned by lefty commentator

Things are getting tough for Len Brown. He has literally become a man alone.

His Labour pals have carded him, no one invites him to anything and he is now having to resort to stage-managed appearances where he can lap for his council funded limousine into a building for a function and back again without having to face the public.

Now even lefty commentators are abandoning him and his dreams.

Rod Oram says that Len’s waterfront plans won’t work. Firstly he suggests that Auckland become more globalised…I nearly fell off my chair when I read it.

So, how might Auckland fulfil its ambitions? The goals are right. The region needs to be far more deeply linked with the global economy. Currently only 9 per cent of Auckland’s economy has anything to do with the rest of the world. The vast bulk of activity is generated from serving the needs of its population, and the wider country.

To develop such engagement, Auckland needs to become very good at attracting interest and investment from overseas businesses, while many more Auckland businesses must learn how to earn a living internationally, not just in this tiny domestic market. But Auckland will develop these two powerful economic drivers only if it locks on to the seismic economic and social shifts in the world. The most potent of all is the economic and environmental sustainability of urban areas.  Read more »

Who is to blame for the Milk scandal?

There is a great deal of press regarding the DCD milk scandal…but who is to blame?

Of course it is easy to blame the useless repeaters intent on massive headlines…which of course I did. But the real root of the issue lies with smelly hippies and the green taliban.

They have been intent on demanding our farmers be clean and green…look at this list of Labour and Green luminaries that implored the use of this ‘technology’

The Labour Party:

“We have been gratified by the support we have received for Eco-n from the Government with the very positive visit by the Minister of Agriculture, Hon. Jim Anderton.

Mr Anderton’s visit was followed by a visit from Associate Minister of Agriculture, Damien O’Connor.”

Ravensdown Annual Report 2006

and;  Read more »

Rod Oram is no fan of Dotcom, hands out harsh medicine to the fat man

Rod Oram takes time out from lecturing at the Young Labour Summer School and gets right up Kim Dotcom and his fanciful claims in the Sunday Star Times, expect David Fisher to start running a twitter attack against him in short  order….or at the very least to spout forth arguments ion Kim’s behalf.

Dangerously for us, however, Kim Dotcom has plunged into this gap. The man and his business models are the absolute antithesis of what the internet and this country need.

He dangles a glittering prospect others have offered before: he says we could generate jobs, wealth and taxes if we turned ourselves into one of the world’s great data storage sites. After all, we have abundant, cheap and renewable electricity to power the servers. All we’d need is bigger cables to connect us with the world and a change of laws to make us the Switzerland of data secrecy.

He claims his new services, if they were based here, would within three years generate more traffic than the rest of NZ online activity combined. But everything is wrong about this proposition, from the economics to the practicality and morality.

So far Oram is the only media person to get up Kim Dotcom and called him on his bullshit, he goes further.  Read more »

Hooton on the lunacy of printing money willy nilly

Matthew Hooton examines the lunacy of Labour and the Greens:

Labour, the Greens and their cheerleaders are delirious about work by staffers at the International Monetary Fund.

Rethinking Macroeconomic Policy was written in 2010 by French and Italian nationals Olivier Blanchard, Giovanni De’Ariccia and Paolo Mauro. Professor Blanchard has followed it up with Monetary Policy in the Wake of the Crisis.

The work is being cited by Labour’s David Parker and the Green’s Russel Norman as justifying all sorts of nonsense, including Dr Norman’s loony idea of printing money despite the official cash rate being above zero.

Left-wing cheerleaders Selwyn Pallett [sic], John Walley and Rod Oram have picked up the theme at events like the EPMU’s “crisis” summit.

Profound changes, we’re told, are needed to New Zealand’s monetary and wider economic policy. Funnily enough, their proposals would transfer wealth to Mr Pallett [sic] and Mr Walley from savers, consumers, taxpayers and the EPMU’s lower-paid workers.

Selwyn Pellett just absolutely loves corporate welfare.

On the role of government, Professor Blanchard argues for much tighter fiscal policy in good times, saying that when economic growth returns, as it has in New Zealand, countries must reduce their debt-to-GDP ratios rather than increase spending or cut tax.

The left has been strangely silent about that.

He also thinks legislators should consider giving central banks additional monetary tools, a debate which is not new. Even Don Brash has floated ideas such as the Reserve Bank being able to impose a mortgage rate levy, or vary GST or petrol taxes at the margins.

Professor Blanchard is particularly keen to debate how monetary and regulatory policy could be better combined. In leading that debate, he acknowledges the risk that too many tools and too many interventions could be distortionary and harmful.

He worries that, if central banks started being in charge of too many instruments, they would then be responsible for picking favourites among different sectors of the economy (say, Mr Pallett [sic] and Mr Walley over savers and consumers).

That, in turn, would raise questions of whether or not they could or should continue to be independent from politicians.

Labour politicians are even signalling that they want control over even private companies like Fisher & Paykel and a say over their own affairs when seeking capital or even to sell.

Cresswell on the Fiscal Fools

Peter Cresswell summarises the fools proclaiming that various “levers” and “tools” should be deployed to lower the value of the dollar:

A “DEBATE” IS SUPPOSEDLY under way about monetary policy in New Zealand. A “debate” begun by economic ignoramuses calling for the Reserve Bank to redirect its efforts from “stabilising prices” to lowering our exchange rate.

What this amounts to is a call to use the printing press to lower our exchange rate—and hence to lower real wages.

Revealingly, however, neither of the politicians promoting this call to lower wages by means of the printing press give this as their method. Instead, they like to use metaphors,

Russel Norman, who has all the economic credentials of an organic termite farm, reckons “you can’t be a pacifist in an international currency war.”

David Cunliffe, a man never short of a desire for more “tools” in the politician’s toolbox–“a broader range of tools are needed” says Silent ‘T.’

Meanwhile, the bloke whose back he has his knife in his colleague David Parker talks about “pulling the levers” to get the dollar down. How? An explicit answer to that question still eludes him even after his flying trip around the globe to ask a gaggle of famous inflationists which specific levers to pull.

The most any will allow is that “the Reserve Bank should be actively considering selective intervention in currency markets.” Which, given the Reserve Bank’s size, would be roughly equivalent to pissing uphill in an attempt to reverse the flow of Niagara Falls.

It is left to alleged economists like Bernard Hickey and Rod Oram to make their case for them.  “Bernard Hickey wonders why New Zealand is not printing money and thinks we are being severely disadvantaged by not following the crowd,” says the fiscal fool’s own headline. And Oram’s column in the weekend’s Sunday Star Slime was essentially a begging letter to the Reserve Bank’s custodians to take the tarps off the printing presses and let rip.

After all, they both say, everyone else is doing it!

What a fruit loop of fucking fools!

Bob Jones on Hickey, Oram and Minto

Bob Jones has come bouncing back from a couple of flat articles with a belter about Rod Oram, Bernard Hickey and John Minto:

New Zealand’s best-known economic doomsdayists are the articulate Rod Oram and Bernard Hickey, both serious Mintoitus sufferers. Life for them must be a living hell, always only seeing the dark side and blind to the overwhelming positives everywhere. Once Bernard and Rod would have received prefrontal lobotomies to brighten them up but those procedures became discredited.

Now it’s Prozac although a bottle or two of red each day would also do the trick and they would henceforth see the world in its happier, more positive side.

Certainly they can be cured, unlike the screaming skull John Minto, for whom the only salvation is a beheading. Minto owes it to himself to end the awful misery of his misanthropic existence. If he wakes to a sunny day then it’s grab the megaphone and bellow about global warming. Should $50 bank notes rain down on him, out would come the megaphone to complain that they weren’t $100. If he answered the door to a naked beauty queen crying, “take me John”, (for plausibility assume she’s drunk) he’d and bawl her out for not bringing lunch. Thank God he’s not an economist or we’d all be suicidal.

Is Fran calling out Rod Oram?

You can colour me stupid if you want but it certainly looks like Fran O’Sullivan is calling out Rod Oram for a wee bit of plagiarism in this Facebook post: