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With your first comment you are already more qualified than most current CB Governors. This current crisis has most Developed Markets going into it at 0% Th
by Oberbaumbrucke 4y ago
With your first comment you are already more qualified than most current CB Governors. This current crisis has most Developed Markets going into it at 0%
The best I found was to try to raise rates during the good times so there is wiggle room during downturns.
- belter 4y agoIt's well known, that understanding how the economy works, was never a requirement for CB Governor: "Nobody Really Knows How the Economy Works. A Fed Paper Is the Latest Sign": https://www.nytimes.com/2021/10/01/upshot/inflation-economy-analysis.html https://www.nytimes.com/2021/10/01/upshot/inflation-economy-... Greenspan: There was a "flaw in the model of how I perceived the world works.": https://www.propublica.org/article/greenspan-says-i-still-dont-fully-understand-what-happened-1023 https://www.propublica.org/article/greenspan-says-i-still-do... "Greenspan Says I Still Dont Fully Understand What Happened": https://youtu.be/R5lZPWNFizQ https://youtu.be/R5lZPWNFizQ