Ganesh Rajaram Ahirao

Am waiting for RNZ (and others) to publish "Letter from 20 Economists"?

Or, would even settle for a precis of it.

Mind you, if they want an oped, they know where we live🤔.

But, not holding my breath😢.

Awesome ... perfect ... in pictures ...

... precisely ... Treasury (and Govt) only see one tool in box

... has other tools, but don't want to use ...😢😠

bsky.app/profile/gane...

3/3

if people are not spending due to uncertainty, no job, fear of loss of job,

and businesses not spending as uncertain future demand,

then who is to break the circle? who needs to be circuit breaker?

... duh ...

it's called the government.

it's called *fiscal policy*

it's ECON101 ... sigh.

2/3

"experts" need refresher ...

OCR cut won't ignite demand or spending, which is needed for business to have confidence to invest & create (good) jobs.

People need (good) jobs to have confidence to spend.

Business need confidence of future demand.

Yes there is circularity ...

... duh ...

#nzpol 1/3

Wonder why all those "expert (bank) economists" are calling for more OCR cuts?

Remember, Reserve Bank's *sole* job is monetary policy to fight inflation.

Or, is RB allowed to change its target whenever it likes?

Presume role of fiscal policy wasn't in "expert's" economics degree. 🤔😠😡

The G20 😬 ...

Group of 20 economists ... "change course urgently".

Text of letter at link.

ganeshnana.substack.com/p/group-of-2...

‘Not sound economics’: 20 economists slam government’s economic strategy The signatories – including former Productivity Commission chair Ganesh Nana and economist Susan St John – say the Government’s fiscal approach has worsened the recession, weakened public services, an...

#nzpol

Group of 20 economists 😬..

"Not sound economics"

www.thepost.co.nz/nz-news/3608...

As a student of a social science, i have collated recent obsevations and made a (qualitative) finding:

It is wet outside☹.

#nzpol

The least-wealthy are being punished the most by education (student) loans🤔.

The powerful keeping the powerless in "their" place.💔😠

ganeshnana.substack.com/p/wealth-div...

#nzpol

"... it is a cliche to talk about the rich getting richer, while the poor get poorer. But, ... we - as a nation - have seemingly become so immune to this utter failure of our economy and ... the dereliction of our duty to our people & communities."

open.substack.com/pub/ganeshna...

#nzpol

"as the least-wealthy sought further education over the years to 2024, in a perversity that I can only describe as incredulously cruel, a noticeable component of the loss of wealth of the least-wealthy was a disproportionate increase in student debt."

ganeshnana.substack.com/p/wealth-div...

Democracy and Health St Peters Social Justice Group present thought leaders: GANESH RAJARAM AHIRAO AND PETER BOSHIER and CARWYN JONES to discuss democracy and heath.

Looking forward to sharing and participating in kōrero. Come and be with us if you can, or join in on line🙂.

events.humanitix.com/democracy-an....

#nzpol

💔 ... sigh ... 😠😡

WTH (I'm being restrained), why is anybody worried about a "bespoke" legal system, given we actually are a "bespoke" country.

Or, aren't we? 🤔.

In which case, what country are we?

Tautoko.

There is what is called low-paid work.

Then there is fixed-term contract work (which is really an excuse to avoid employment conditions).

Then there is what is called piece-work (which is really an excuse not to pay the minimum wage).

And then there is unpaid work.

Yup. Until "the govt" comes in to help (and they can; eg. 3-waters), the choices are:

(1) pay up, or

(2) accept limited or degraded services (eg unhealthy water, overflowing drainage, sewerage in waterways, even less public transport, ...)

Probably should have welcomed 3-waters with open arms.

#nzpol

This is more than disappointing from Treasury.

Is not by any means "talking truth to power" through "free and frank advice" that is core role of public service officials.

Is just echoing the status quo scare-mongering that we're broke and can't afford anything.

Extremely disappointing.

#nzpol

... and so ... the scaremongering continues ...

... toeing the line ... "we cant afford" nice things ....

... like feeding our children ... like saving the planet ... like our health ...

☹😡

New residency pathways for skilled migrants, NZ First 'agree to disagree' The new pathways were aimed at plugging gaps in the workforce and helping businesses hold on to workers.

#nzpol

Sigh, I am so, so tired☹️. More short-term sticking-plaster policies to make some feel good, while others left to pick up pieces.

If want "hold on to workers" then PAY THEM GOOD WAGE.

Also Productivity Commission inquiry www.treasury.govt.nz/sites/defaul...

www.1news.co.nz/2025/09/23/n...

Minister orders more classrooms to help struggling construction workers The Government is ordering new classrooms, as it looks for immediate fixes to stem back-to-back reports of a declining construction sector.

The word "orders" in the headline is curious🤔.

Is it "orders" in sense of "I command you to ..."?

Or, is it "orders" in sense of "Begin procurement processes to supply ...?"

Either way, I suspect delays ... .

BTW ... still waiting on a boat (or two)?😠

www.stuff.co.nz/politics/360...

Sign of the times ... cafe has no 'ordinary' milk today ... only oat milk🤔.

Lucky my drink de jour is a long black ...😁.

The story of the economy of Aotearoa 1984-2025 (and continuing) 😥☹😠😡

😥💔

In awe, but also sadness, anger, sorrow, and despair.

I dont know what to say, Benjamin ... take care, be safe, stay strong🖤.

Sigh. I'm tired. But, here goes ... one more time ...

It's not RB stupidery. It's the JOB they have been given.

Their JOB is to bring down inflation.

They do that by having a recession.

It has been that way since Reserve Bank Act 1989.

If don't like, then change economic policy model.

Am reluctant to comment, but believe the penguins are still waiting for their advice to be implemented.

😥

And, yet, a disappointingly sizable proportion of us continue to believe TINA There Is No Alternative.

Brainwashed or Hoodwinked?🤔

Either way, The Alternative needs to lift its game, fast.😬

Yeah, nah ... the same "international turmoil" that saw GDP growth in the June quarter across the G20 average plus 0.9% ...

#nzpol

"Twas fault of global turmoil and tariffs .."

An incredulous explanation of 0.9% decline in NZ June quarter GDP.

For the record, OECD reports G20 (ie big players) June quarter GDP *up* 0.9%.

That's some HUGE discrepancy yet to be explained🤔

Way more important, though - and warranting full front page treatment - is the dilemma facing the All Black coach ...

Back on track? You decide ...