The RBA's failings are legion. It needs a truly independent review - The Australian Financial Review

The RBA did not foresee the surge in inflation. It would be naive to believe it can now forecast how and when it can be tamed.

Incredibly, there was barely a murmur of commentary about this rapid growth in money supply. Thirty years ago, there would have been mayhem in financial markets if the RBA had ticked off a rate of m… [+3091 chars]

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