"Using the phrase "Washington Consensus" just indicates you're out of touch and it makes it hard to take any argument you make seriously" Yet that is still how

"Using the phrase "Washington Consensus" just indicates you're out of touch and it makes it hard to take any argument you make seriously" Yet that is still how central banks operate. They are completely out of date, continuing to target inflation using interest rate movements and getting absolutely nowhere. In fact largely getting the opposite response. Everybody knows that they are making no impact, yet nobody dare point it out out of politeness. However this emperor definitely has not clothes at this stage. The central banks haven't moved on because their operational mode is still stuck in the 1990s. Eventually one will change tack - as New Zealand did before. Hope that is a Western one, not Erdogan.