Restore the Reserve Bank's Trashed Mana: None of Lame Duck Governor Hawkesby's Executive Leadership Team has ever studied economics.

One need only look at new Reserve Bank Governor Hawkesby's Executive Leadership Team to work out why New Zealand's Reserve Bank should be ranked, in my view, as World's Worst Central Bank. The reputation, respect, and independence it once enjoyed must be restored. Without it, NZ cannot prosper. It is our single most important economic institution. Look at the Governor's Leadership Team of seven Assistant Governors - Angus McGregor, lawyer; Karen Silk, accountant; Greg Smith, accountant; Nigel Prince, accountant; Sarah Owen, lawyer; and Simone Robbers, lawyer. Three accountants, three lawyers, and a tech chap has been added in for good measure. Not one economist. What are the two most important roles of the RBNZ? Monetary Policy and Financial stability. Both hard subjects. Both fields of economics. The sooner the new Temp Governor is replaced by a person with Economic Gravitas who restores the once mighty reputation of the Bank, my first employer, which was the first Central Bank in the world to set a transparent inflation target, the better.