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Greens demand hostile takeover of RBA in exchange for passing board reforms in likely death knell to treasurer's bill (www.abc.net.au)

submitted 5 months ago by [email protected] to c/[email protected]

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This seems pretty wtf.

What sort of precedent do they want to set? Whether or not you embrace neoliberal ideology political interference with monetary policy has not typically gone well, no matter what or whom you want to blame for that.

Am I missing something, or are they just going off the rails here?

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[–] [email protected] 3 points 5 months ago (1 children)

Politicians apparently can, like there are supposedly legal powers to do so which is what this is about.

However they don't. Although Keating came close to doing it once.

[–] [email protected] 2 points 5 months ago

That’s right I think, which goes to show the Greens want to do something that even Paul Keating baulked at. A very bad precedent to start.