Why do we have a high cost of living? Because even when you break the law in NZ at the expense of your customers, the penalties are so small its worth doing. White collar crime pays here. The best policy for a government on matters of economic wrong-doing by powerful interests is, "Talk quietly & carry a big stick", attributed to Teddy Roosevelt. It was promoted in a paper of mine, which Nobel Laureate, George Akerlof, husband of former US Treasury Secretary Janet Yellen, called "important".
