Debunking Economics - the podcast cover image

The Bank of England’s totally wrong response

Debunking Economics - the podcast

CHAPTER

The Importance of Rational Expectations

Central bankers still look at inflationary expectations as that's what they believe causes inflation. Yet those inflation expectations are entirely due to where where interest rates are by and large. "We'd be better off letting though the parts of the Caribbean manage the economy than the mainstream economists," he says.

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