By boosting demand, early release of superannuation will increase house prices. The real solution for housing affordability depends on making it easier to build more houses.
One of the shortest jokes about economics goes like this: Teach a parrot to say supply and demand, and you have created an economist.
But there is an even better joke: Teach a parrot to say demand and demand, and you have created a politician. And there are a lot of political parrots squawking about the housing crisis – on both sides of the Tasman.
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Oliver Hartwich is executive director of The New Zealand Initiative, a business think tank in Wellington.
