Changes to RBA Act will further entrench the depoliticisation of economic policy and reduce democratic accountability

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Published by Anonymous (not verified) on Wed, 29/11/2023 - 5:16pm in

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fiscal policy, Japan, Music

Today, I consider the latest development in the entrenchment of neoliberalism in the Australian policy sector, specifically, the latest decision by the Treasurer to excise his powers under Section 11 of the Reserve Bank Act 1959, which allowed the Treasurer to overrule RBA policy decisions if they considered them not to be in the national…