Have central bankers picked the wrong target?

Some of you may have seen the recent story on all the $100 notes that have been taken out of circulation. Peter Mair, previously of the RBA, blames pensioners but I can't help thinking that a world of extreme monetary policy isn't helping either. With politicians and central bankers playing a game of 'how low can we go' when it comes to interest rates, it is possibly only a matter of time before this becomes a bigger issue than just a few $100 notes sitting under a pensioners mattress. This got me wondering just how little central bankers understood about...

Some of you may have seen the recent story on all the $100 notes that have been taken out of circulation. Peter Mair, previously of the RBA, blames pensioners but I can't help thinking that a world of extreme monetary policy isn't helping either.

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