More groveling from the RBA cockroach army over the weekend. This time, long-term access journalism junkie, Terry McCrann:
The contemporary heft of Keating’s extended bleat was the RBA’s alleged failure to move aggressively to QE, or quantitative easing, by buying the bonds issued to fund the exploding budget deficit.
As our economics editor Adam Creighton pointed out, at least Keating has put his time in his basement to (good or bad) use by imbibing — indeed, swallowing whole — MMT or Modern Monetary Theory.
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