Latest / The Kākā by Bernard Hickey
What a rewrite of NZ's political & economic DNA might look like
Ganesh R Ahirao published a proposal today for a new Government to pass an Economic Governance Act within 100 days of the November 7 election. It would put ‘Being a good ancestor’ at the heart of Government & supplant the current primacy of the Public Finance Act & the RBNZ’s inflation target.
I spoke to Ganesh today about what an Economic Governance Act would aim to achieve and what’s wrong with the 35-year-old framework making deficit and debt reduction the Government’s main task, and enabling an independent Reserve Bank to dominate macro-economic policy through a single inflation target…
The skinny
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