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I'd argue that they are not. It's more about the proper measure. Monetary policy is a tool attempting to hit a moving target.
by endswapper 10y ago
I'd argue that they are not. It's more about the proper measure. Monetary policy is a tool attempting to hit a moving target.
- mattnewton 10y ago> Monetary policy is a tool attempting to hit a moving target By sweeping the ice in front of the economy-puck with a toothbrush. There is an effect, just a lot of other stuff has a big effect too...