How central bankers think.
Central Banking
OECD’s William White fears global economic system is still highly unstable
Christopher Jeffery interviews William White
Here is a video interview that is making the rounds now, too.
William White: Central Banking...Not a Science
4 comments:
White: "...and the government is the biggest debtor of them all... heh heh heh..."
And White is a "banker's banker." He's about as senior as it gets.
He is reflective but he seems anchored to the profession, afraid to voice fundamental disagreements with the nature and goals of economics. He said, "We don't see the policy working on the economy in the way we normally do....the relationship between the rates of growth of money, and credit, and inflation are actually pretty unsure."
Being 'fearful' of instability at the top, implies the shaky foundation of econ and that if even he considers the 'powerful' levers of the central banks to be powerless... someone has finally pulled back the curtain on the wizard of oz.
Funny how the federal reserve bank in Houston sits on top of the former Lyndon Baines Johnson Hospital which used to serve low income patrons and had project row houses.
Big bank
All american
Baseball hotdogs apple pie and...
LIBOR RIGGING!!!!
Paving gold standard and gentrfying the poor
Post a Comment