Currency Sharing Insanity

Perhaps the most “absurd” thing to cross Forbes’ contributor Tim Worstall’s desk on this particular morning was a report on how New Zealand and Australia might merge their currencies to create a single trans-Tasman currency block. “The productivity commissions of the two nations indicated a shared Trans-Tasman currency could reduce business costs but pointed to Europe as an example of possible downsides,” Worstall writes. “Given that I regard how and when the Chinese economy slows down as the most important economic question the world faces currently I’d say that tying the NZ$ to the A$ would be the most insane decision made since Ireland bankrupted the entire country by guaranteeing all the banks.”


Tags: Australia  Currency  Forbes  New Zealand Dollar  New Zealand economy  

New Zealand Designating Two US Groups as Terrorists May Have Global Impact

New Zealand Designating Two US Groups as Terrorists May Have Global Impact

“New Zealand recently designated two US far-right groups, the Proud Boys and the Base, as terrorist organisations. This puts them in the same category as groups such as the Islamic State…