The Greens are economic vandals

The Fake Greens have taken populism and loonyism to new heights with Deputy Leader in the Senate, Nick McKim, calling on the Albanese government to stop the Reserve Bank of Australia (RBA) from lifting interest rates.

“The mechanics of section 11 are that the treasurer can advise … the governor-general that is, to issue an order to the RBA board. And the RBA board has to comply with that order”, McKim said on Thursday.

“Dr Chalmers … should be making it very clear to the RBA that he is prepared to use section 11 to overrule them if necessary”.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.