So we should, or shouldn't, watch the monetary aggregates? At least, the ones they continue to publish.
Monetary policy is about politics, not economics. That is why the state will not give it up.
So we should, or shouldn't, watch the monetary aggregates? At least, the ones they continue to publish.
ReplyDeleteMonetary policy is about politics, not economics. That is why the state will not give it up.
ReplyDelete