1/ Amazing thread, h/t @MartyBent @parkeralewis.
I want to add that in my prior (relatively shallow) research of monetary policies in history, I’ve seen the seeds of doubt raised within the ranks of the central bankers themselves.https://twitter.com/MartyBent/status/1028366607796592640 …
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8/ If you were to look at this economic thing objectively, you can say that in earnest some of these central bankers believed what they did was for the best. But now there’s mounting evidence that centrally-managed money might have been a failed experiment.
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9/ Reference for above quotes: https://www.bis.org/publ/bppdf/bispap77e.pdf …
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