Eric Crampton: NZ Initiative Chief Economist on ACT's idea to introduce innovation trials to cut red tape

Restrictions on innovation are being seen as a form of self-sabotage.   ACT wants to introduce innovation trials – letting government ministers pause existing regulations if they block tests of new technology.   Leader David Seymour told innovators the country punches above its weight when we back ourselves, but someone needs to build the framework to make it happen.   New Zealand Initiative Chief Economist Dr Eric Crampton told Mike Hosking it's something New Zealand should be progressing with.  He says we are too small to be stupid in this space, and need to enable innovation in new ways.  LISTEN ABOVE See omnystudio.com/listener for privacy information.