Wow, Adam Creighton over at the Oz delivers another sublime column on the RBA, echoing my sentiments yesterday. Read it here. Choice words here:
Seduced by statistical aggregates that bear no relationship with the circumstances of individuals, governments are too prone to meddle when often the most prudent course of action is to do nothing. The more government plans and interferes, the less easily people can manage their own lives. Civilisation advances despite rampant bureaucracy, not because of it.
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The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."