Ostriches will not get us out of this hole!
A Guide to Good Money: Beyond the illusions. of asset inflation
A GUIDE TO GOOD MONEY: Beyond the Illusions of asset inflation
How America Should Lead the Way to Good Money – YouTube
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PUBLISHED OCTOBER 2022
30 years of experience with the current model of monetary policy shows that – after initial successes – it has disappointed the hopes and promises made when it was introduced.
Is there any evidence that we collectively – economists, central bankers, governments – are learning how to manage it?
No. Results are poor.
Yet most economists despite pointing to the bad repeated policy errors continue to support the model! (See Prof Rogoff in the current issue of Foreign Affairs). This is irrational.
It is time to learn from experience. Economists – stop burying your heads in the sand!
The age of the ostriches is past,
Time to look at the facts. There are superior options.
Explore them and seize the post-Pandemic chance now.