A Question, Answered by Warren Mosler
Japan, US, ECB, they're all just bureaucracies doing what they do ... nothing ... until absolutely forced to, kicking & screaming.
Plus, it gets worse. It's hard to self-tune & select well from a pool of options you refuse to adequately fill. If you limit your options & reduce baseline diversity ... voila ... you steadily degrade the statistics & probability of making high quality selections. Duh!
Selection & option-diversity go hand in hand, inseparable, catalyzed by threshold liquidity & distributed initiative.
What part of 2-stage optimization don't bureaucrats get?
It doesn't matter what wave you select if you don't paddle your surfboard far enough out into the damn ocean!
This ain't rocket science. Just bureaucracy in inaction.
This ain't rocket science. Just bureaucracy in inaction.
