H. L. Mencken: “For every problem, there’s a simple solution. And it’s wrong.”
See also here – What the Turkish central bank did a year ago the Russian central bank is doing today. Not good.
HT Josh
All posts for the day December 16th, 2014
H. L. Mencken on the Russian central bank
Posted by Lars Christensen on December 16, 2014
https://marketmonetarist.com/2014/12/16/mencken-on-russian-central-bank/
The Market Monetarist- From excessively easy to excessive tight US monetary policy
- Re-visited: Firefighter Arsonists – the myth of the central bankers as ‘good’ crisis managers
- US monetary policy has become too TIGHT – the Fed risks significantly UNDERSHOOTING it’s 2% inflation target
- ChatGPT, Python, FRED and some NGDP gaps
- Re-visiting R*: Close to the end of the hiking cycle for the Fed
- US inflation set to fall sharply in the coming quarters
- Recession or not? Answering a question the Fed should not care about
- Milton Friedman commented on Powell’s Fed in 1978
- Carl Bildt is puzzled – he should read an economics textbook
- US domestic spending – a closer look at the 2021-22 data
The Market Monetarist 