It is common knowledge that the pace of technological change is always increasing. New Zealand's ability to adapt to new technology depends on whether regulations can keep pace.

New Zealand’s interest-free student loan scheme has not achieved its policy objectives and fails to help students from poorer backgrounds access tertiary education, according to this report from The New Zealand Initiative. Eliminating interest-charges on all student loans was a superb decision in political expediency; politicians compete for votes and people will naturally vote for...