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20/12/19
18:42
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Originally posted by Dr.Who:
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Max, stop and think for a moment or tow about complex it must be to steer an economy. There are countless moving parts to consider. Goals are clear: maximise sustainable employment; stable prices and moderate long-term interest rates. What influences are at play? Weather, global trade, innovations, welfare, the list could fill this page and more. Where I'm heading with this is: it is easy to sit back and criticise when one doesn't have a clue about the influencing factors of so many moving parts. The more apt question would be: where would we be if Central Banks had not made the decisions they have made. Your question presupposes that there was a perfect solution and it was not taken. We live in an imperfect world with uncertainty at every corner.
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You didn't answer my questions.... Of course it's complex but there's some fundamentals involved which one would hope they wouldn't compromise on but I think there's accumulating evidence to support the proposition they've again got it wrong. Much of what I think is summed up quite well in the article subject of the link from a earlier post. https://www.narrowroadcapital.com/memos/central-banks-are-fighting-economic-fundamentals/