The RBA Destroys Joe Hockey

As Michael Stutchbury notes, the minutes from the RBA’s November Board meeting destroy the politicians’ argument against the banks. The media are fond of quoting the RBA when it suits their narrative, but with the exception of Stutchbury, I suspect very few will hold politicians like Joe Hockey to account over this. The press gallery seem to think that Hockey is a political genius rather than just another Pauline Hanson with upper middle-class constituents.

posted on 16 November 2010 by skirchner in Economics, Monetary Policy, Politics

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