Central Banks Show True Colours...
The public are an inconvenience to central banks. People tend to act irrationally, or at least, differently to how the bankers would like people to react. That causes problems for central banks...
If you ever needed proof…
Proof that central banks are more concerned with their ‘models’ than they are with the real world.
Look no further…
…than the latest Research Discussion Paper from the Reserve Bank of Australia (RBA).
It contains all you need to know about how the central bankers view the world and the people who are part of it.
Needless to say, the…
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