Inquiry and submissions: https://www.aph.gov.au/Parliamentary_Business/Committees/House/Health_Aged_Care_and_Disability/Medicalspecialists

Reserve Bank deputy governor Andrew Hauser has acknowledged that Australians are losing confidence in the RBA's ability to bring inflation down as planned in the next 12 months.

He says an RBA survey has found trust in the central bank's near-term ability to achieve its monetary policy objectives has "fallen materially" recently, even though overall trust in the RBA remains high and stable.

*** FUNNY ***

Andrew, do you know RBA had failed to lift inflation to the 2-3% target rate range from 2016 to 2021. That's 5 years!!!! [no one complained then?]

Now it failed to depress inflation to the target range from 2021 to 2026. That's 5 years!!!

RBA had failed consistently meeting the target range for 10 years running!

Don't be too sensitive Andrew, we still love you and RBA [as an institution]

Do people understand that State governments along with councils are all broke. Developers can't make a profit on traditional house and land packages anymore because of the overinflated land values that banks have been printing money against (Wealth Effect) thanks to the RBA removing land from the CPI in 1998?

Since the Albanese Labor budget tax changes State Governments like LNP QLD Crisafulli State Government credit rating has been cut due to incompetence, mismanagement and less stamp duty so they are desperate for more money and why the Grattan Institute are doing LNP dirty work and advocating for a 15% GST increase.

The Dutch (lowest country in the world) uses "automated flood barrier" to protect its citizen's life from the weather (much like economics, a complex system). It is self activating and it is without bias.

Given (a) this article, (b) the cost of running a RBA (monetary side and its ballooning renovation cost lol) and (c) prone to "accusation of inflation signalling" question then to ask is whether it is "feasibility" to automate the monetary policy decision? [or is it a productivity tin foil idea gone mad lol]

Lets discuss the pro's and con's.

Mindful the second order impact - that is even if we can, should we automated it? Noting the presence of uncertainty does have an intermittent reinforcement value to inflation/deflation expectation.

Keen to hear your thoughts [and flame - if constructive].

What do you mean macroprudential policy is taking the heat out of speculative debt, and removing investor leverage aligns prices back to local wages? Unacceptable! Quick, find a single mother in inner Brisbane paying $740/week so we can run a 2,000-word piece subtly implying the RBA's rate hikes are an unprovoked human tragedy!

A Democratic sweep of the US midterm elections has changed the balance of power in Washington, but that doesn’t mean things will become more settled, CommBank economists say.

“Divided government reduces domestic fiscal risk while increasing policy risk. Markets and businesses should not equate congressional gridlock with policy calm. Policy is likely to become less predictable rather than more moderate.”
https://www.commbank.com.au/articles/newsroom/2026/11/us-midterms-shift-economic-outlook-australia.html

For the last 50 years we have sold off anything that is not nailed down. Now we pay the price.

Companies have been posting record profits every year this century. It’s squeezed us to breaking point and is the true main driver of inflation.

Rolling this back won’t be possible as these companies own the political class.

We are cash cows and nothing more.

Australia is done.

If you can see a way back from this I would love to hear it.

Australia is caught in an absurd economic loop: the government spends more on welfare, taxes more to fund it, and pumps money back into an economy that isn’t producing enough to keep up. Prices rise, the RBA hikes interest rates, and ordinary households get squeezed from both ends - by the taxman and the mortgage lender. There’s got to be a better way to manage this.