tag:blogger.com,1999:blog-2761684730989137546.post4929807968779662155..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: John Hellevig — Paul Krugman's Notes on Russia Debt Are Upside Downmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-24366821997933686212014-12-20T01:18:26.006-05:002014-12-20T01:18:26.006-05:00This is precisely the reason why central bank'...This is precisely the reason why central bank's should take instructions directly from government. <br /><br />Because the heads of central banks refuse to move on from the 1980s Volker playbook. They are dinosaurs. <br /><br />It is time this run of the 'Wizard of Oz' was ended and the power returns home to people who are at the very least notionally answerable directly to the population. <br /><br />Rule by bureaucrat is the same as rule by corporation. <br />NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-48355337000675330182014-12-20T00:39:38.538-05:002014-12-20T00:39:38.538-05:00I think the 17% policy rate there is bullish. ..
...I think the 17% policy rate there is bullish. .. <br /><br /> If they start to get domestic "inflation" there they may even go to the moron playbook and raise this rate thinking it will help quell the "inflation"... will be like trying to put out a fire with gasoline. Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com