kadfasd4324

3 ms·

1. 1.▲
   by kadfasd4324 9y ago

   Fair enough. I think the comment was implying that their policies, not being entirely democratically accountable - the effectiveness of these instruments themselves being arguable - are very likely going to be swayed by private interests. I
2. 2.▲
   by kadfasd4324 9y ago

   ... until you hit the central bank.
3. 3.▲
   by kadfasd4324 9y ago

   They are not. They are legally independent in many countries incl. the US, Japan, India (de facto), S. Korea, and Thailand.
4. 4.▲
   by kadfasd4324 9y ago

   Nikkei peaked at 40k in 1990; it has been hovering around 10-20k ever since.
5. 5.▲
   by kadfasd4324 9y ago

   Does anyone how much external debt is held by China ? I'd imagine their generally (well-placed IMO) aversion to IMF/WB folk might help them plod along with the help of their central bank. Money is fictional you know.