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Features Australia

Paul Keating’s shot at the RBA

Economists are lost in the fog of the pandemic

3 October 2020

9:00 AM

3 October 2020

9:00 AM

In a recent op-ed, Paul Keating accused the Reserve Bank of ‘indolence’ and an unwillingness to help ‘shoulder the load’ in the current economic emergency. With its interest rate lever no longer effective, the RBA should be directly funding the government, he argued. Put bluntly, it should write a blank cheque for the ‘mountainous sums’ of money that needed to be spent.

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