Folly? Listen, the RBA itself has called out the government many times to not rely on it to provide stimulus. The government has been strong-arming the RBA to do it's work. That's the folly. It's leading us into unchartered waters. Keen got it right in terms of principles. The government has thrown out the rule book and is winging it. It is now loosening up lending practices and throwing away the rule book on that. Keen was playing by the rules of responsible lending. Who's got most folly? I'd say that's clearly the government.
