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 integrity, 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 Robbins, lawyer. Three accountants and three lawyers, with a math guy thrown in for good measure. What are the two most important functions of the RBNZ? Monetary Policy and Financial stability. Both are hard subjects. Both squarely fields of economics. The sooner the new Temp Governor is replaced by a person with Economic Gravitas capable of restoring the once towering reputation of the Bank, my first employer, which was the first Central Bank in the world to set a transparent inflation target, the better.