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Is the Fed Really Enacting a Placido Effect?
Central banks have undertaken this expectation base policy because they think, is my work right? It might be effective. The placibo effect does have an effect in certain places, but does 't have a powerful enough effect to offset what are really these drastic, paradime shifting breakdowns in the monetary system. You know, if fairy tales and nice stories and soothing words don't amount to a hill of beans when you have a real issue in the real economy.