What the “crazy guy in the corner” is telling the RBA

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More from the RBA’s new deputy, Andrew Hauser:

“Mark encouraged us to be challenging about the assumptions that we were making and to reach out to the outside world to understand the structural changes that were going on,” says Hauser.

“You cannot have groupthink at a central bank,” he adds. “You have to challenge yourselves – where could you be wrong?

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.