Any prudently cautious commentator must feel a concern for this country’s economy when the Reserve Bank governor, in the face of evidence to the contrary, insists on holding to current orthodoxy.Reserve Bank governor, Ian Macfarlane, recently gave evidence about the state of the economy to the Standing Committee on Economics, Finance and Public Administration of the House of Representatives.If Mr Macfarlane is to be believed, the economy is in very good shape. The housing boom has been dissipate…
