BIS Archive
BIS getting there (yet not fully)
Banking, CBs, Fed, Inflation, Interest Rates
Apr 25, 2010
Yes, his causation is off on the less important point of the central bank eliminating opportunity costs when in fact market forces eliminate opportunity cost as they express indifference levels to central bank rate policies. But apart from that it’s very well stated and what we’ve been saying all along, thanks!!! The
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