All he did in Canada was to reduce interest rates.
Canadian financial regulation is good, and Canada's economy is more heavily dependent on natural resources anyway. The provincial and federal governments also had sound balance sheets.
So what exactly did Carney do to earn his rep?
sound balance sheets, what!?
All he did in Canada was to reduce interest rates.
Canadian financial regulation is good, and Canada's economy is more heavily dependent on natural resources anyway. The provincial and federal governments also had sound balance sheets.
So what exactly did Carney do to earn his rep?
Any central banker is overrated
Any of them can be replaced by either a Taylor rule, a retarded giraffe, or even a moist turd and no one is to know whether we would be worse off. Didn't Greenspan prove there's no such thing as a f**king guy having his pulse on the economy and/or knowing the right rate to choose?
Any central banker is overrated
Any of them can be replaced by either a Taylor rule, a retarded giraffe, or even a moist turd and no one is to know whether we would be worse off. Didn't Greenspan prove there's no such thing as a f**king guy having his pulse on the economy and/or knowing the right rate to choose?
I'm sick of Taylor overselling his freakin Taylor rule. Accounts of his term at the Treasury highlight his indecisiveness. Too bad the he can't fit an equation to match the Treasury's historical behavior.
http://www.wsj.com/articles/the-case-for-a-rules-based-fed-1482276881
Any central banker is overrated
Any of them can be replaced by either a Taylor rule, a retarded giraffe, or even a moist turd and no one is to know whether we would be worse off. Didn't Greenspan prove there's no such thing as a f**king guy having his pulse on the economy and/or knowing the right rate to choose?I'm sick of Taylor overselling his freakin Taylor rule. Accounts of his term at the Treasury highlight his indecisiveness. Too bad the he can't fit an equation to match the Treasury's historical behavior.
http://www.wsj.com/articles/the-case-for-a-rules-based-fed-1482276881
Taylor rule is a nice fairy tale.