Treasurer Jim Chalmers has committed to dumping the policy for which “old Labor” legends John Curtin and Ben Chifley fought hardest—democratic control of the central bank and the banking system.
Australians smashed by interest rate rises are paying the price for decades of the Reserve Bank of Australia ignoring its lawful mandate in favour of a policy dictated by neoliberal think tanks.
In two weeks, the moral fibre of Australia’s political and judicial system will be put to its latest test when war crimes whistleblower David McBride is put on what is likely to be a secret trial.
He faces up to 50 years in prison.
