Andrew Canter: Prescribed Assets a blunt tool to shield bad Governments

As we hear in this forthright interview with Andrew Canter, the ANC's proposal to re-introduce Prescribed Asset Requirements is only being advanced because the Government is not prepared to apply the correct economic medicine. The chief investment office of FutureGrowth explains that this is a blunt tool which taxes pensioners to protect those making poor economic policy decisions. He attacks the premise that such regulations promote development by unlocking domestic capital for capital projects - the popular refrain of those who promote the concept. Canter was interviewed in this week's episode of Rational Radio. - Alec Hogg