Mini-Hoon: Ganesh Nana on a failing 'strategy'

The Hoon · Oct 8, 2025 · 11m

Last night I spoke with economist Ganesh R Ahirao, who has written another letter with 19 other economists to PM Christopher Luxon and Minister of Finance Nicola Willis, calling on them to abandon their fiscally stringent approach to the economy.

Here’s the letter:

We discussed:

* the Government’s sole focus on cutting interest rates as the way to boost the economy;

* the need for investment in infrastructure and public services rather than solely focusing on reducing debt; and,

* the disconnect between financial management and economic growth.

We talked about how:

* Austerity measures have…