I finally caught up yesterday with Grant Robertson’s interview on The Nation.
There was the odd good aspect. It sounds as though the variable Kiwisaver policy, as a tweaky tool to supplement to monetary policy, is heading for the dustbin, joining the capital gains tax proposal. Other bits bothered me – in particular, the lack of any sense in Robertson’s comments of the importance of markets, competition, relative prices etc. He is clearly a believer in the power and beneficence of “smart active government”.
And I’m still a bit uneasy when I hear Robertson talk about changing the Reserve Bank Act to place a specific onus on the Reserve Bank to promote employment (or reduce unemployment). It will be important to see details. In principle, an amendment to section 8 of the Reserve Bank Act to say something along the lines of “achieve and maintain a stable level of…
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Utopia, you are standing in it! 
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