Institutional Economics

Institutional Economics

Share this post

Institutional Economics
Institutional Economics
Mac attack

Mac attack

The last stand of RBA exceptionalism

Stephen Kirchner
Sep 29, 2023
∙ Paid
1

Share this post

Institutional Economics
Institutional Economics
Mac attack
2
Share

Architectural perspective of the Board Room in the new Reserve Bank of Australia head office building, 1964. Reserve Bank of Australia Archives PA-000271.

Former RBA Governor Ian Macfarlane and former Treasurer Peter Costello were in The Australian this week, repeating mostly mistaken claims about the RBA Review recommendations and their implications. Both are former senior policymakers and the architects of the current framework for monetary policy, so their objections should be addressed. Let’s run through them.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Stephen Kirchner
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share