Opinion
Don’t turn the RBA’s private talks into a fishbowl
Not allowing the central bank to test its thinking with people in financial markets will leave us with much less well-informed monetary policy decision-makers and, thus, worse monetary policy decisions.
John SimonFormer RBA officialThere is a principle in physics called the observer effect. It states that the act of observing a system changes it.
In a famous thought experiment exploring the implications of this in quantum systems, Erwin Schrödinger asked us to imagine a cat, a flask of poison and a radioactive source in a sealed box. If the radioactive source emits a particle the flask is broken and the cat dies.
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