money – Evening Report

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Keith Rankin Analysis – A Brief History of Monetary Policy (Part One)

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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Keith Rankin Analysis – Extending Democracy; a Path-Dependent Process

September 2, 2020

Analysis by Keith Rankin. In practice, democratic political reforms are usually incremental, though typically seen as part of a process leading to wider and more embedded improvement. Reforms are ‘evolutionary’ – indeed, in a technical sense – in that they improve the ‘fitness’ of democratic society. Unlike biological evolution, which is a fully blind process, ... <a title="Keith Rankin Analysis – Extending Democracy; a Path-Dependent Process" class="read-more" href="https://eveningreport.nz/2020/09/02/keith-rankin-analysis-extending-democracy-a-path-dependent-process/" aria-label="Read more about Keith Rankin Analysis – Extending Democracy; a Path-Dependent Process">Read more</a>

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Keith Rankin Analysis – Money: Where Does it Come From, Where Does it Go?

August 11, 2020

Analysis by Keith Rankin. “I think you have to recognise money comes from somewhere. It doesn’t just come from a big money tree.” Judith Collins 2020 “Someone has to pay the bill – there aren’t little pixies at the bottom of the garden printing cash.” John Key 2009 These messages from two different National Party ... <a title="Keith Rankin Analysis – Money: Where Does it Come From, Where Does it Go?" class="read-more" href="https://eveningreport.nz/2020/08/11/keith-rankin-analysis-money-where-does-it-come-from-where-does-it-go/" aria-label="Read more about Keith Rankin Analysis – Money: Where Does it Come From, Where Does it Go?">Read more</a>

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Keith Rankin Analysis – Money, Public Debt and the Covid-19 Emergency

April 2, 2020

Analysis by Keith Rankin What is Money? Money is a mystery. To most of us we receive it, we spend it, we save it, we borrow it. And if we don’t have enough, we are in trouble. Many of us think of money as if it is tangible, like gold; something that is naturally scarce, ... <a title="Keith Rankin Analysis – Money, Public Debt and the Covid-19 Emergency" class="read-more" href="https://eveningreport.nz/2020/04/02/keith-rankin-analysis-money-public-debt-and-the-covid-19-emergency/" aria-label="Read more about Keith Rankin Analysis – Money, Public Debt and the Covid-19 Emergency">Read more</a>