Governments have been able to overrule the Reserve Bank for 80 years. Why stop now?
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Pay close enough attention to parliament these next few days, and you’re likely to witness something truly remarkable: politicians from both sides of politics uniting to remove the power of politicians to overrule the Reserve Bank.
As an instance of self-loathing, it’s hard to top.
Sure, a good many of us don’t trust politicians....
