Australia: On walking and chewing gum

Scott Sumner again:

(…) It would be nice if we had central bankers that understood the dangers of both too much NGDP growth and too little. Perhaps that’s simply beyond the ability of the human mind. It would be an amazing feat, on par with walking and chewing gum at the same time. So far the Australian central bank seems to be about the only major one that has mastered this subtle art.