"The RBA has never fulfilled its charter (or mandate): a) full employment, b) price/currency stability, c) stable financial system."
Then who has. Which country has a financial system that is the most studied and the envy of the world?
Go on...which.
Economics is a study in motion. The more complex our economies get the less we understand; the more we need to know.
I think Glen and his mates are worth the bucks. All you have to do is listen to them.
What about your mate Bernanke, your pinup boy, Dopey.
How about trying a little bit of theory on the world economy Ben. So what if ultimately it doesn't work? We'll know next time won't we....if there's anything left.
CBs do what they can to protect their own. When they are in cahoots it is amazing what can be achieved. When they all pull their way you will get chaos.
