“The thrust of central banking coverage is one that emphasizes high finance, complicated terminology and impressive circumstances. The reality is that the tools are very limited and the choices are, well … simplistic. Either a central bank prints money or it doesn’t. Either it sets interest rates high or low. Officials can choose various targets but essentially, ‘targeting’ doesn’t change the basic mechanism: more money or less, higher interest rates or lower ones. It’s very simple and the amount of time, energy and mainstream media coverage lavished on these rudimentary – and primitive – decisions is incredible.”
http://www.thedailybell.com/29380/Monetary-Mavens-Talk-Talk-Talk
Related posts:
Support the Troops with Peace and the 'Right to Try'
U.S. to force companies to disclose if electronic materials come from war-torn countries
New Zealand Plans Cyprus-Style Bank Confiscations
Obama’s Tax Crackdown to Target Foreigners' Accounts in US Banks
Two US publications lead to arrest of alleged Bitcoin creator
Broke? You May Now Be Entitled To a Free Home
Uruguay's New Regs: Unreasonable on Purpose?
Louisiana Health Dept.: Homeless Can’t Eat Deer Meat
Stopped-and-Frisked: 'For Being a F**king Mutt'
Bank of Canada Admits Recession, The Solution: More Bubbles
Developers Scramble to Build NSA-Proof Email
Samsung phones spontaneously text users’ photos to random contacts
Jordan wargames: Patriot batteries, F-16s and 4,500 US troops near Syrian border
Hackers selling access to airport security systems for $10
Jeffrey Tucker: Who Will Lose in the War on Contractors?