2022 Merry Market Recap: Claus for concern
Many Happy Returns
Is There a Case That Central Banks Should Lies?
The central case is that inflation will come down, but not to its target level of 2%. There's going to be a substantial fall over the course of 2023. If they actually convince people that's going to happen, well, it could actually be a self-fulfilling prophecy if enough people believe them. But here's an interesting question: Is there a case that central banks should lie? They don't have to be honest, do they?
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