Is the Treasury independent?
KEN HENRY: Strictly of course we’re not. The Treasury Department is a department of state. It is part of the executive government. It works to the government of the day, whatever the political persuasion of the government of the day. And so in that sense of course the Treasury is not independent from government and it can never behave as if it is independent from government.
Too many in the press forget this in reporting on Treasury views. The most egregious examples occur when our Treasurer decides to use his department as a human shield.