Big policy choices should be for politicians: that is their job

croaking cassandra

A post this morning doing something rare: praising National, or more particularly their finance spokesman Paul Goldsmith.

There was an article on Stuff yesterday, and in the Dominion-Post this morning, in which Goldsmith is quoted as suggesting that politicians should set policy.    In this particular case, National is proposing that the Governor of the Reserve Bank – unelected, and in effect appointed by other unelected people –  should not get to set regulatory policy around banks all by himself, but that politicians –  in this case the Minister of Finance –  should do so.

The article begins in a rather overwrought style

National Party Finance Spokesperson Paul Goldsmith wants to  shake-up banking, by ripping a scab that hasn’t been touched for 30 years.

Goldsmith has called into question the independence of the Reserve Bank, responsible for setting interest rates and regulating banking.

But read on a bit and, of…

View original post 1,771 more words

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