Opinion
The tangled web of our RBA-led financial system
All roads in our financial system eventually lead to the Reserve Bank of Australia, yet financial executives often don’t like recognising this fact.
Timothy HextAll roads in our financial system eventually lead to the Reserve Bank of Australia.
Finance executives often don’t like recognising this fact, choosing to push capitalism and their brilliance as the reason for our functional system. However, the RBA is not just at the centre, but is also the bedrock.
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