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March 20, 2026
Analysis by Keith Rankin, 20 March 2026. The human world changed twice during the twentieth century. The first transition lasted from 1914 to 1945. The principal cause of World War Two was World War One. So, to understand the drivers of that long transition, indeed a great levelling event, it is necessary to investigate the ... <a title="Keith Rankin Analysis – 1956, 1967, 1973, 1979 and all that: Shipping, Oil, and Inflation" class="read-more" href="https://eveningreport.nz/2026/03/20/keith-rankin-analysis-1956-1967-1973-1979-and-all-that-shipping-oil-and-inflation/" aria-label="Read more about Keith Rankin Analysis – 1956, 1967, 1973, 1979 and all that: Shipping, Oil, and Inflation">Read more</a>
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February 28, 2026
Analysis by Keith Rankin, 27 February 2026. I heard this on RNZ News 11am 12 Feb 2026: “The government’s finances are in better shape than expected due to lower [government] spending and a higher tax take. Treasury figures … show a deficit of $5.2b for the six months ended December, almost $1.6b below the half-year ... <a title="Keith Rankin Analysis – New Zealand’s Fiscal Crisis" class="read-more" href="https://eveningreport.nz/2026/02/28/keith-rankin-analysis-new-zealands-fiscal-crisis/" aria-label="Read more about Keith Rankin Analysis – New Zealand’s Fiscal Crisis">Read more</a>
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February 28, 2026
Essay by Keith Rankin, 25 February 2026. Over the last few days, there has been plenty of media chatter in relation to the government’s proposal to pass a law enabling police to forcibly shift street dwellers from Auckland’s CBD. (Refer ‘Move On’ orders penalise those with the least, Scoop 22 Feb 2026.) While Labour likes ... <a title="Keith Rankin Essay – Vagrants and a Very Basic Universal Income" class="read-more" href="https://eveningreport.nz/2026/02/28/keith-rankin-essay-vagrants-and-a-very-basic-universal-income/" aria-label="Read more about Keith Rankin Essay – Vagrants and a Very Basic Universal Income">Read more</a>
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December 16, 2025
Analysis by Keith Rankin, 16 December 2025 RNZ news item, 12pm 9 Dec 2025: “Finance Minister Nicola Willis has challenged one of her predecessors Ruth Richardson to debate her on how to best manage the country’s finances. Our political reporter Anneke Smith has more: ‘The taxpayers union is poised to launch a pressure campaign targeting ... <a title="Keith Rankin Analysis – Fire! Fire! Today’s Vestiges of Ruthenasia and Classical Austerity" class="read-more" href="https://eveningreport.nz/2025/12/16/keith-rankin-analysis-fire-fire-todays-vestiges-of-ruthenasia-and-classical-austerity/" aria-label="Read more about Keith Rankin Analysis – Fire! Fire! Today’s Vestiges of Ruthenasia and Classical Austerity">Read more</a>
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November 28, 2025
Analysis by Keith Rankin. TVNZ’s special programme on Tuesday (News Special: You, Me and the Economy; 25 November 2025) included (about two-thirds of the way into the programme) among a number of helpful and unhelpful suggestions, a call for New Zealanders to get onto the compound interest bandwagon, the magic formula of getting rich in ... <a title="Keith Rankin Analysis – Compound Interest in New Zealand’s last 100 Years" class="read-more" href="https://eveningreport.nz/2025/11/28/keith-rankin-analysis-compound-interest-in-new-zealands-last-100-years/" aria-label="Read more about Keith Rankin Analysis – Compound Interest in New Zealand’s last 100 Years">Read more</a>
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November 14, 2025
Analysis by Keith Rankin. Labour Party Policies Last month the New Zealand Labour Party announced two policies: a second sovereign wealth fund, and a capital gains tax on non-owner-occupier real estate. For me, both are worrying, representing further steps in the financialisation of an already over-financialised economy. Then yesterday, I heard a story (Report highlights ... <a title="Keith Rankin Essay – The Mansion as a Metaphor for Neoliberal Finance Capitalism" class="read-more" href="https://eveningreport.nz/2025/11/14/keith-rankin-essay-the-mansion-as-a-metaphor-for-neoliberal-finance-capitalism/" aria-label="Read more about Keith Rankin Essay – The Mansion as a Metaphor for Neoliberal Finance Capitalism">Read more</a>
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November 7, 2025
Analysis by Keith Rankin. Are wars affordable? The answer of course is ‘yes and no’. Affording a war is different from financing a war. To make any new thing affordable, either there must be a reallocation of resources or a deployment of resources not otherwise in use. Or a mix of both. Further, resources get ... <a title="Keith Rankin Analysis – Affording and Financing Wars, with reference to the United States" class="read-more" href="https://eveningreport.nz/2025/11/07/keith-rankin-analysis-affording-and-financing-wars-with-reference-to-the-united-states/" aria-label="Read more about Keith Rankin Analysis – Affording and Financing Wars, with reference to the United States">Read more</a>
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October 24, 2025
Analysis by Keith Rankin. Earlier this week, in The Truth about Prices in New Zealand, (on Evening Report, and on Scoop), I showed how the Consumers Price Index (CPI) is a lagging measure of inflation, and that the Producers Price Index (and the use of six-monthly rather than annual data) gives more timely information about turning points in ... <a title="Keith Rankin Analysis – A Quarter-Century of New Zealand’s CPI Inflation" class="read-more" href="https://eveningreport.nz/2025/10/24/keith-rankin-analysis-a-quarter-century-of-new-zealands-cpi-inflation/" aria-label="Read more about Keith Rankin Analysis – A Quarter-Century of New Zealand’s CPI Inflation">Read more</a>
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October 21, 2025
Analysis by Keith Rankin. The first chart shows annual price increases in New Zealand for businesses (PPI: Producers Price Index) and consumers (CPI: Consumers Price Index), since 1999. We note that the latest CPI datapoint is for the third quarter of 2025, meaning that it’s centred on mid-August. The most recent PPI data is for the second ... <a title="Keith Rankin Chart Analysis – The Truth about Prices in New Zealand" class="read-more" href="https://eveningreport.nz/2025/10/21/keith-rankin-chart-analysis-the-truth-about-prices-in-new-zealand/" aria-label="Read more about Keith Rankin Chart Analysis – The Truth about Prices in New Zealand">Read more</a>
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October 3, 2025
Analysis by Keith Rankin. Last week I looked at how, for modern day purposes, monetary policy started around 1750. It began with the departure from the presumption that money is wealth to the idea that money is a veil and that therefore wealth is something else. That was, in a sense, the beginning of political ... <a title="Keith Rankin Analysis – A Brief History of Monetary Policy (Part Two), including Modern Monetary Theory" class="read-more" href="https://eveningreport.nz/2025/10/03/keith-rankin-analysis-a-brief-history-of-monetary-policy-part-two-including-modern-monetary-theory/" aria-label="Read more about Keith Rankin Analysis – A Brief History of Monetary Policy (Part Two), including Modern Monetary Theory">Read more</a>
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September 26, 2025
Analysis by Keith Rankin. On Monday (Pushing a String; Ineffective Monetary Policy, 22 September 2025) I wrote about how, in circumstances of economic depression or structural recession, monetary policy is ineffective as the sole policy to induce a country’s economic recovery. Here I look at the historical antecedents of today’s monetary policy narrative. Understandings of ... <a title="Keith Rankin Analysis – A Brief History of Monetary Policy (Part One)" class="read-more" href="https://eveningreport.nz/2025/09/26/keith-rankin-analysis-a-brief-history-of-monetary-policy-part-one/" aria-label="Read more about Keith Rankin Analysis – A Brief History of Monetary Policy (Part One)">Read more</a>
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August 22, 2025
Analysis by Keith Rankin. This year, the heated non-debate in Aotearoa New Zealand about pay equity, has left important answers unquestioned. Equal Pay versus Pay Equity The first point that must be made is to distinguish ‘equal pay’ from ‘pay equity’. Equal pay means, for different identity groups, the same pay for the same work. ... <a title="Keith Rankin Analysis – Equal Pay, Pay Equity, and Cost-of-Living Narratives" class="read-more" href="https://eveningreport.nz/2025/08/22/keith-rankin-analysis-equal-pay-pay-equity-and-cost-of-living-narratives/" aria-label="Read more about Keith Rankin Analysis – Equal Pay, Pay Equity, and Cost-of-Living Narratives">Read more</a>
