From RBA director:
Professor McKibbin said yesterday many countries, including the US, were spending in areas such as health, education and infrastructure, which should have been funded a long time ago. “A number of countries have taken the stance of never waste a good crisis,” he said.
Professor McKibbin said he was not passing comment on the Australian stimulus spending, although he said he stood by the criticisms he made before the Senate earlier this year that cash handouts were not an effective use of taxpayer funds.
It is hard to imagine that McKibbin is the only person on the RBA board that holds these views.