The election in Australia has left the upper house with a few 'independent' senators in positions as 'power brokers'.
Senator Xenophon is asking the Reserve Bank of Australia to replace the inflation target with one for nominal growth (most likely mid point being 5.5%). Details at the Sydney Morning Herald.
When I say 'askin', he is using his position in the Senate to move that the Senate economics committee 'investigate' this change.
Xenophon recently proposed unlocking money in compulsory savings schemes here in Australia to allow people to put that money instead toward buying houses. As if house prices aren't high enough ...
