Reserve Bank of Australia governor Philip Lowe has started doing what everyone dreams of doing – creating money out of thin air.
It's called quantitative easing, and for those who have the responsibility of weighing up whether to use such an incredible power, it's a case of "uneasy lies the head that wears a crown".
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
