Shane Oliver and My Bui are joined by NSW Treasurer Daniel Mookhey to discuss his journey into politics, the lessons of the Hawke-Keating reform era, housing affordability, tax reform, productivity challenges and the latest NSW Budget. The conversation explores cost-of-living relief, government spending, housing supply, construction innovation and why economic reform remains critical to Australia's future prosperity.

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0:00 Introduction and meet NSW Treasurer Daniel Mookhey

0:25 Daniel's path into politics and economics

2:57 Life outside politics: BBQs, meat smoking and family

5:01 What it's like delivering a state budget

6:19 Hawke, Keating and Australia's reform legacy

9:00 Why successful reform requires social consensus

11:20 Inflation, wages and the role of unions

13:10 Economics, young Australians and social media

15:29 Tax reform and Australia's changing economy

20:53 Priorities of the 2025 NSW Budget

21:36 Cost-of-living relief measures explained

22:19 Housing affordability and supply challenges

24:00 Building approvals and apartment shortages

25:07 Why housing costs are higher in NSW

27:13 Construction productivity and modular housing

29:04 Planning reform and housing regulation

30:08 Controlling government spending and inflation

34:07 Public expectations of government spending

35:21 Australia's balance between fairness and ambition

36:30 Populism, politics and social media

37:25 Why Daniel remains optimistic about Australia

38:20 Closing remarks and thanks