The Manipulators and the Meddlers...
There is nothing mainstream economists like more than the idea of pulling levers and pushing buttons in order to manipulate the economy. We see a stark example of that today.
The manipulators and meddlers can’t help themselves.
They always have to make the economy fit into their spreadsheet.
As far as they are concerned, the economy is the sum of a bunch of numbers.
And it’s their never-ending goal to figure out which numbers combine to reach the result.
We see a perfect example of that in today’s Australian Financial Review…
Sel…
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