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 full video is available for all.Here’s the full detail in his substack post today. I’d recommend a read, and/or a watch/listen of/to our chat above.cheersBernard This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit thekaka.substack.com/subscribe