The demand that the treasurer intervene to cut rates unless governor Michele Bullock does so herself effectively sinks Jim Chalmers's chances of passing his reforms.

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?

  • NaevaTheRat@vegantheoryclub.orgOPEnglish
    3·
    5 days ago

    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.

    • Minarble@aussie.zone
      2·
      5 days 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.