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prljr
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The Fed Is Confused about What Drives Inflation - Frank Shostak -

Central banking is the biggest lie or in other words the largest CON

Commented 2544 days ago

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Beginning of the headline :On October 4 2017, the former governor of the Federal Reserve Daniel Tarullo in a speech at the Brookings think-tank in Washington said Fed policy makers do not have a reliable theory of what drives inflation. According to Tarullo, central bankers should pay less attention to theoretical models and more to actual data. However, how is it possible to make any sense of the data without having a reliable theory?The Importance of TheoryOne purpose of a theory is to enable one to ascertain the defini... Read More

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