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Friday, September 25, 2026

Richard Prebble: Nicky Hager’s new book reminds me of my shameful mistake


Whenever Hager publishes one of his hit jobs it reminds me that I once was a target. The memory makes me burn with shame.

Hager wrote that Roger Douglas and I were part of conspiracy to appoint Don Brash, Governor of the Reserve Bank.

If Hager had done any checking before publishing, he would have learned that when Brash was appointed Governor, it was not an appointment of the finance ministers. Reserve Bank Governors were appointed by the Governor-General in council, that means the Prime Minister.

David Lange knew Don Brash and believed he had the character to be Governor. Lange exercised his prerogative to appoint him.

I only knew Brash from the media. I opposed his appointment.

Don Brash turned out to be our greatest Governor. He gave the country many years of low inflation.

No one likes to admit they were wrong.

If Hager had put his allegation to me, something he never does, I would have admitted my mistake.

Instead of buying his new book I immediately donated to the Taxpayer’s Union who have saved the country millions of dollars by exposing government waste and extravagance.

The Honourable Richard Prebble CBE is a former member of the New Zealand Parliament. Initially a member of the Labour Party, he joined the newly formed ACT New Zealand party under Roger Douglas in 1996, becoming its leader from 1996 to 2004. This article was sourced HERE

3 comments:

Robert Arthur said...

I am curious as to what shaped Hager. His father ran a large shirt manufactuirng factory in a rural town.. He started work before the employees and worked evenings. He related with staff and seemed popular. He lived in a modest house and drove a very basic car. I suspect his eventual rewards were very modest for the vast effort.expended . Yet Nicky seems to champion the worker not the devoted entrepeneurs who enabled our then egalatarian society.

Don said...

In a free society books of all kinds can be produced. The best way to handle that is to educate the young to analyse what is on offer and make their informed opinions. If you disagree with Hager don't support his work by entering discussion of it. Seek truth and don't be sucked in to publicity campaigns.

Anonymous said...

Richard Prebble, Author - yup, he wrote a book - "I've been thinking".
Interesting read, still in my book library.

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