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Speaker 1: The fact Adrianora's leaving is of course excellent. It shows

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Speaker 1: a level of accountability and responsibility for what has been

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Speaker 1: a ruinous period for the New Zealand economy. The receipts

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Speaker 1: and reviews are in the story. As stark, we've been

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Speaker 1: hit harder than any other country in the OECD. We

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Speaker 1: had three recessions. Most countries, as a result of their

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Speaker 1: COVID plan had none. Grant Robinson carry some of the blame,

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Speaker 1: of course, he does one encouraging and endorsing Or, but

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Speaker 1: two more dangerously reappointing him so close to the last election.

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Speaker 1: The new government could have should have sacked Or, although

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Speaker 1: that would have said a fairly disturbing precedent given the

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Speaker 1: governor supposed to be neutral. Or made the governor's job

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Speaker 1: though a household fascination. Yes, Don Brash got well known,

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Speaker 1: but really only when he went political. The others came

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Speaker 1: and went I mean Alan Bollard. I might have interviewed

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Speaker 1: him a couple of times over the year. Spencer Russell.

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Speaker 1: In fact, before Spencer Russell, who you also have never

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Speaker 1: heard of, the job is called the chief cashier. Russell

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Speaker 1: was your first governor. Anyway, The upside of COVID, and

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Speaker 1: are was we at last took an interest, didn't we?

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Speaker 1: We had a view, We knew about cash rates and

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Speaker 1: inflation and quantity tait of easing, but we learned the

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Speaker 1: hard way. We paid an enormous price. In fact, we

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Speaker 1: was still paying the price. Or has years to run

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Speaker 1: on his contract, and clearly the pressure was on the

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Speaker 1: government's currently negotiating a budget with the bank, and I

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Speaker 1: assume they were twisting arms hard behind the scenes. The

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Speaker 1: bank staffing numbers, by the way, a balloon Or has

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Speaker 1: come across, of course, as haughty and arrogant, unable to

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Speaker 1: really express any level of regret if in fact he

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Speaker 1: has any at all for the damage he's done. Giving

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Speaker 1: banks money for free and not putting restrictions on where

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Speaker 1: that money went was the height of incompetency. Still handing

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Speaker 1: up money when we all knew that a lot of

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Speaker 1: what we thought would happen during COVID didn't. That was

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Speaker 1: a scandal. The onerous banking restrictions he placed on the

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Speaker 1: retailers with his just in case thinking was needlessly restrictive.

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Speaker 1: The conclusion has to be that although everyone flew blind

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Speaker 1: during COVID, no one flew more blind than us, and

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Speaker 1: no one was led by a more ideologically driven fiscal

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Speaker 1: ransacker than Adrian or For more from the Mic Asking Breakfast,

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Speaker 1: listen live to Newstalks'd Be from six am, or follow

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Speaker 1: the podcast on iHeartRadio