The governor was very upset of my criticisms of the New Zealand superannuation fund’s investment strategy. rather than agreeing to disagree on the interpretation of the literature, he had to attack my op-ed as full of factual errors but could never back up any of them
In yesterday’s Sunday Star-Times another article by their reporter Kate MacNamara shed further light on just how unsuited Adrian Orr is to be Governor of the Reserve Bank, exercising huge public policy and regulatory power still (in large chunks of the Bank’s responsibilities, often with crisis dimensions to them) as sole decisionmaker, with few/no effective checks and balances. These disclosures should also raise serious questions about the judgement and diligence of the Board who were primarily responsible for Orr’s appointment and are primarily responsible for holding him to account, and of the Minister of Finance who formally appointed Orr, and is responsible now for both him and for the Board.
In this latest in her series of articles, MacNamara draws on the responses to one of several Official Information Act requests she had lodged late last year. She had sought from the Bank copies of communications between the Governor and…
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Utopia, you are standing in it! 
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