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Meet Damon Vrabel. JohnG doesn’t like him, Be like Damon Vrabel, not like JohnG

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http://letthemconfectsweeterlies.blogspot.com/2018/05/meet-damon-vrabel-johng-doesnt-like-him.html

  1.  36m36 minutes ago

    "The amount of money created in the economy ultimately depends on the monetary policy of the central bank. IN NORMAL TIMES, this is carried out by setting interest rates."Cop out . I'll translate . Setting interest rates didn't work so we used

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  2.  31m31 minutes ago

    PR wording, as I know from personal conversations. Translation: banks create money by lending, but we still have to say we're in control or the MPC will get upset.

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  3.  25m25 minutes ago

    Improvement: banks CREATED money by lending but only increase the money supply when there is a net increase in lending. CBs can manage this, albeit badly, which is why they accept the responsibility to achieve an inflation target.

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This is an interesting juncture in the discussion versus Leitaers parable of 11th Round Some AQAL Integral Philosophy needed

11:59 AM - 10 Aug 2018
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Roger Glyndwr LewisTweet text
 

 

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