Submission to the Reserve Bank Reforms 2023 bill
The Australia Institute argued that the RBA review’s proposal to remove the Australian Parliament’s power to override the RBA on monetary policy is wrong.
In Australia’s democracy ultimate responsibility for something as important as monetary policy should rest with the parliament. This is because the Australian Parliament is ultimately responsible to the Australian people, while the RBA board is not.
Factsheet Chalmers is right, the RBA has smashed the economy