
The other day a family member showed me his “man’s shed” in his new house. It has a wall with silhouettes where the tools should be: chisels, fret saws, blade screwdrivers, a tomahawk and the like. I think there was a VCR and vinyl records as well.
It reminded me of the Reserve Bank – last century’s tools. no longer fit for purpose for this century. Except the Reserve Bank has only one tool – interest rates.
Continue reading “Time to Reserve judgment”





