It can be hard to know quite what to make of the Governor of the Reserve Bank, even setting aside the substance of his policy choices and formal policy communications.
I’ve been puzzled almost from the start. When his appointment was announced two years ago this week, my post began with several positive aspects I saw in the appointment. His communications skills were always both a potential plus but also quite a risk.
What of his communications skills? He can be hugely entertaining, and quite remarkably vulgar (an astonishingly crude analogy involving toothbrushes springs to mind). Just the thing – perhaps – in an old-fashioned market economist. Not, perhaps, the sort of thing we might hope for from a Reserve Bank Governor. …..No doubt he will rein in his tongue most of the time – and perhaps he has calmed down a bit with age – but it…
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Utopia, you are standing in it! 
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