Alicia Barry

I mean, it's a hard sell.

But also, as Michelle Bullock pointed to on Tuesday, when governments do make changes, it's not very immediate.

It usually has to be legislated and it takes time before they can roll it out.

And then it's probably not quite as direct.

Monetary policy is a pretty direct tool.

It goes straight to the bank accounts of Australians.

Might take a few months to work through, but it happens.

Not those who don't earn a salary.

Right.

And these suggestions would work alongside the RBA.

So they would be in replace of it.

And I think this goes to the heart of sort of the idea of fiscal policy then working alongside monetary policy.

So these bodies or the tax idea would obviously have to be legislated, created by government.

Then you don't just have central banks doing all the work on inflation.

But it's not a quick fix, Carrington.

No.

I mean, that is a big question.

Is the central bank the best institution to be bringing down inflation?

Well, they're the one with the bluntest tool.

I mean, it's simply demand destruction.