This is the closest you will ever see to the RBA admitting to being complicit in reckless government spending, giving hundreds of billions of dollars to large corporates that didn't need it, combined with their near zero interest rate policy that has led to massive debt and out of control inflation.
In secret the RBA and the government love the inflation because it is a massive tax on everyone that results in a financial flood into the government coffers which emboldens them to spend more.
This admission is another reason to abandon the RBA system.
