The Bullshit Budget: who actually believes these numbers?
Arbitrary cuts, heroic forecasts and no map to the surplus — a Budget engineered to win a week of headlines before anyone does the maths.
Grant McLachlan
May 313 min read
Who is the state really housing?
How New Zealand’s great housing experiment turned from sheltering the poor to subsidising the people who profit from them.
Grant McLachlan
May 3010 min read
A quagmire on a swampy battlefield: What Wolfbrook actually walked into at Pegasus
Two of New Zealand's premier residential golf courses collapsed twenty minutes apart in 2026. One is being cannibalised by a developer who has just donated to National. The other is in liquidation. The model is broken. The fix starts at Pegasus.
Grant McLachlan
May 2124 min read
Cutting themselves out: how two Wellington ministers engineered their own unemployment
It started with the civil servants. Then the cafés, landlords, contractors and small businesses. Willis and Bishop spent thirty months gutting Wellington. On 7 November, every Wellingtonian they hurt gets to vote — and the arithmetic is unkind.
Grant McLachlan - Column
May 197 min read
Immigration is the economy, stupid!
“It’s the economy, stupid” is a phrase coined by Bill Clinton's campaign strategist James Carville in 1992, highlighting that voters prioritize their personal financial situation over all other issues. In New Zealand, immigration has been the driver of economic growth.
Grant McLachlan
May 174 min read
A generation of ambition lost?
New Zealand's brain drain has been measured to exhaustion. What the academics keep missing is that the country is not just losing people — it is losing the kind of people who refuse to play in-house.
Grant McLachlan
May 36 min read
Going out — but staying home
New Zealanders eat out as often as Melbournians and drink as much. So why are the cinemas, stadiums, concerts and racecourses emptying out? The answer is not just money. It is time, fuel, congestion and exhaustion.
Grant McLachlan
Apr 2721 min read
The naming rights fire sale
New Zealand taxpayers and ratepayers have wasted more than a billion dollars building three stadiums — and handed the corporate branding rights away for what amounts to small change. There were better options - demonstrated in Melbourne and Los Angeles - but nobody in this country took notice.
Grant McLachlan
Apr 2537 min read
The rot in New Zealand sport hosting
This is the story of an attitude problem masquerading as an economics problem.
Grant McLachlan
Apr 2416 min read
The Bullshit Economy
New Zealand has constructed an elaborate economy out of its own inefficiencies.
Grant McLachlan
Apr 1725 min read
The economist who can’t see what he doesn’t want to fix
Oliver Hartwich says breaking up the gentailers won’t cut your power bill. He’s right — but for the wrong reasons. The real solution is one his funders would never allow him to propose.
Grant McLachlan
Apr 1617 min read
Seven steps to a productive economy
New Zealand's addiction to property speculation is strangling the productive economy. Seven practical reforms — from taxing land and capital gains to protecting elite soils and standardising public infrastructure — could redirect investment where it is actually needed.
Grant McLachlan
Apr 17 min read
Auckland’s missing motorway has been hiding in plain sight for seventy years
The Eastern Motorway — State Highway 17 — has a vacant number, protected land, and a proven funding model. All it lacks is a government with the wit to act.
Grant McLachlan
Mar 314 min read
The $16 billion battery that runs on electricity it doesn’t have
There is a particular kind of infrastructure madness that only becomes visible once you draw a map.
Grant McLachlan
Mar 306 min read
Toothless by design: how New Zealand’s competition law fails consumers — and why it must change
Since I was a law student, I have analysed the weaknesses in New Zealand's competition laws. Today, I dusted off a 30-year old law assignment and updated a bill to fix it.
Grant McLachlan
Mar 2510 min read
Rivers of wasted power: How New Zealand's three great hydro systems underperform their physical potential — and who benefits from the gap
If the Waikato/Tongariro, Clutha, and Waitaki hydro schemes operated to its potential, it would eliminate the need for coal and gas generation - and lower electricity prices substantially.
Grant McLachlan
Mar 2441 min read
Price gouging at the pump: the regulator's empty tank
In Australia, the government regulator is investigating price gouging by petrol companies. Here, the Commerce Commission told us to download the Gaspy app. Why?
Grant McLachlan
Mar 2310 min read
Power Failure: What is wrong with the New Zealand electricity industry
Three decades after the most radical electricity market reforms in the developed world, New Zealanders are paying record prices for power generated by assets their grandparents built. Here is a comprehensive investigation into what went wrong — and what a genuine solution looks like.
Grant McLachlan
Feb 2813 min read
Manufacturing the poor: How neoliberalism built the welfare state it loves to hate
How neoliberal governments manufactured the social crises they campaign against — and why beneficiary bashing is the oldest con in New Zealand politics.
Grant McLachlan
Feb 2718 min read
The Cook Strait Tunnel: Has Elon Musk made it feasible?
The question shouldn't be “How much will it cost?”
The question should be “At what cost does this become feasible?”
Grant McLachlan
Feb 29 min read
