Weekend Reads

Reserve Bank chart in the May Monetary Policy Statement on contributions to potential output growth, showing adding labour rather than capital or productivity has driven growth.

Here's a few longer reads for your weekend pleasure.

I love a good Monetary Policy Statement, and this week's one under new Governor Adrian Orr has a few refreshing flourishes, especially the section on how the bank is measuring 'maximum sustainable employment'. It's complicated, but well worth reading, given it's now embedded in Orr's Policy Targets Agreement.

Heard of Juul? I hadn't, but Jia Tolentino explained it to me in this New Yorker article. 'Teens have taken a technology that was supposed to help grownups stop smoking and invented a new kind of bad habit, molded in their own image,' she writes.

Toby Manhire gave Dame Denise L'Estrange-Corbet's arguments about WORLD's 'Fabrique en Nouvelle Zealande' labels a right good 'fisking' in this piece on The Spinoff this week.

China's decision to force airlines to remove references to Taiwan on their websites is a sign of how the world is changing, as the New York Times reports in this piece titled 'Orwellian Nonsense.'

David Kinley is Professor of Human Rights Law at the University of Sydney, and author of Necessary Evil: How to Fix Finance by Saving Human Rights. He's written an excellently topical piece here at the Sydney Morning Herald about corporate culture and banking.

Have a great weekend.