“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

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