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Podcast: The Mike Hosking Breakfast
Episode: Mike's Minute: Here's the problem with the Reserve Bank economists
Description: The problem with people like Paul Conway, who is the Chief Economist at the Reserve Bank, is they “know” some stuff. They sound good in a speech, but their record exposes them badly. Paul gave a speech this week to the National Financial Advisers conference. He talked about how expensive this country is, and he talked about our lack of productivity. If the speech had been a school project, he would probably have got a good mark. You couldn’t argue with what he said. We aren't very efficient. Things like...