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Yeah, they've got far too much power. We should stop trying to regulate the economy. The market knows best. </sarcasm> I don't think that Central Banks have al
by chad_oliver 13y ago
Yeah, they've got far too much power. We should stop trying to regulate the economy. The market knows best. </sarcasm>
I don't think that Central Banks have always made the right decisions. To the contrary: they're made plenty of bad mistakes. But they have to keep trying, because the alternative is much worse. And slowly, very slowly, we'll get better at riding the dragon.
- ekianjo 13y agoObviously we are not on the same end of the philosophical spectrum, because of course the market knows best. The market is the sum of invididuals' actions. No amount of geniuses sitting around a table can predict how each decision they take impacts people's lives. That's why Central Banks make stupid decisions. It's not that they are learning, it's the best they can do. And Central Banks were supposed to be independent in the first place from political power, but we all know how that turned out.
- chad_oliver 13y agoFair enough. I disagree with your position, but I can see that it is entirely consistent with your starting assumptions.