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Cronywatch: Labour flunky appointed to Reserve Bank board

Labour have made another crony appointment, this time to the Reserve Bank board:

Dr Chris Eichbaum has been appointed to the Board of the Reserve Bank of New Zealand, Finance Minister Grant Robertson says.

Dr Eichbaum is currently a Reader in Government at the Victoria University School of Government and Associate Dean in the Victoria University Business School. He holds a Doctor of Philosophy in Public Policy and has published on topics including public policy and central banking.

He previously served on the Reserve Bank of New Zealand Board between 2008 and 2013. His current appointment is for a five-year term, in accordance with the Reserve Bank Act. Dr Eichbaum’s previous roles include a number of positions at Victoria University and in Government.

“Dr Eichbaum brings his experience as a previous Board member at a critical time of change. His understanding of public policy and the place of monetary policy in that context will also be very helpful as the review of the Reserve Bank Act progresses,” Grant Robertson says.

Reserve Bank chairman Professor Neil Quigley welcomed Dr Eichbaum back to the Board. “It will be invaluable having someone with Chris’ previous experience as we go through the review, including looking at the role of the Board itself,” Neil Quigley says.

Dr Eichbaum’s appointment fills the vacancy left by Rod Carr’s retirement from the board in 2017.

What is left out is that the last time Eichbaum was on the board it was also a Labour appointment, and that he used to be a former staffer for Steve Maharey.

His twitter feed makes for very interesting reading:

Looks like a big fan of Pocahontas. He also seems to retweet a lot of hard-left people including praise by Ed Miliband of a speech by Jeremy Corbyn.

Also, he doesn’t seem to be a fan of capitalism… presumably he is now working for non-capitalist and moral pay on the board of the Reserve Bank.

So, Labour have appointed one of their own. Yet another crony appointment.


-Twitter, Government

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