A Adanali New member 21 Mar 2024 #1 Central banks are powerful but not omnipotent Even monetary authorities can’t defy elementary economic logic. To grasp why the Bank of Japan’s negative rate policy was flawed all along, recall Keynes’ warning of a liquidity trap.
Central banks are powerful but not omnipotent Even monetary authorities can’t defy elementary economic logic. To grasp why the Bank of Japan’s negative rate policy was flawed all along, recall Keynes’ warning of a liquidity trap.
