You Rule!. The price you paid for your house - the main economic factor. RBA report.

[McDuck]

FROM WIKI AS BACKGROUND INFO>

N.Z.Economy 1800's . The economy grew from one based on wool and local trade to the export of wool, cheese, butter and frozen beef and mutton to Britain, a change enabled by the invention of refrigerated steamships in 1882. Refrigerated shipping remained the basis of New Zealand’s economy until the 1970s. New Zealand's highly productive agriculture gave it probably the world's highest standard of living, with fewer at the rich and poor ends of the scale.[49]

In the 1880–1914 era the banking system was weak and there was little foreign investment, so businessmen had to build up their own capital. Historians have debated whether the "long depression" of the late 19th century stifled investment, but the New Zealanders found a way around adverse conditions. Hunter has studied the experiences of 133 entrepreneurs who started commercial enterprises between 1880 and 1910. The successful strategy was to deploy capital economizing techniques, and reinvesting profits rather than borrowing. The result was slow but stable growth that avoided bubbles and led to long-lived family owned firms

[Perry]

I always find the 'regulation or not' discussions to be the proverbial worm can.
As a 'free' (democratic) community, we have regulations on all sorts of human
activities. From what I can tell, the 'free' bits are indeed 'free,' but there are
boundaries around them and within which the use or exercise of those 'free'
things are constrained.

To me, the regulation of any activity, including general economic ones, is akin
to the roads and their usage.

People are 'free' to use the roads, or not. However, in exercising that freedom,
there are limits or regulations intended for the safety of all those on or near
said roads. Regulations about licences, age, warrants of fitness, drugs, road
rules and so on.

How much do they inhibit your freedom to use the roads as a means of personal
transport? And just how bad are those inhibitions?

That said, I have a lot of sympathy with the view that some regulations are
very badly conceived or aimed. As we all know, people buy houses as investments
because they are safer than the alternatives. Regulating the alternatives or
regulating the buying and selling of houses, or regulating the politicians and
consumers so that inflation is held in check and savings are therefore 'safe' -
what's it to be?

Better to deal with the causes than the effects, methinks.

[McDuck]

I always find the 'regulation or not' discussions to be the proverbial worm can....

Better to deal with the causes than the effects, methinks.

Well said.
Another consideration is that:
Economic activity is a complicated and group behaviour.
While an individual might have enough information and self-control to manage their personal behaviour, in order to manage economic behaviour a larger control and information system is required.
The down side is that we are all part of the system, and our own small personal freedoms are clipped (or propelled) by wider movements in the larger social systems.

[spaceman]

........

Better to deal with the causes than the effects, methinks.

LOLZ.....nice idea....but it would require people to agree on the causes.....like that's gunna happen bic boi

Cheers
Spaceman

[McDuck]

but it would require people to agree on the causes..Spaceman

Isn’t it obvious?
An economy reaches an equilibrium point when imports equal exports.

If you consider dairy products (for example) as an export,-
and consider foreign loans (for example) as an import,-
then we simply need to balance those two figures.

Also we need to be careful to figure out where the border of New Zealand actually is.
A foreign owned Rental house or Company, which is physically situated on New Zealand land,-
but returning its profit to a foreign destination can be regarded as “not New Zealand”.

If they pay 20% tax, then, for the sake of calculations, it can be considered as 20%” in New Zealand” for the short term at least.

[spaceman]

^lolz..... See I told you.

McDuck you can't read well enough to grasp what was referring to, yet you think the solutions are obvious..... Lolz

Cheers
spacemann

[McDuck]

^lolz..... See I told you.

McDuck you can't read well enough to grasp what was referring to, yet you think the solutions are obvious..... Lolz

Cheers
spacemann

And a Merry Xmas to you too!