Share
10,696 Posts.
lightbulb Created with Sketch. 566
clock Created with Sketch.
20/12/19
18:42
Share
Originally posted by Dr.Who:
↑
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.
Expand
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/