Kocherlakota Personifies Central Banker Delusions—-More Inflation Does Not Create Jobs And Real Wealth

I observed a long time ago that the primary prerequisite for being a central banker was to be delusional, to believe in conomic myth, as opposed to observing and accepting reality. Naranya Kocherlakota of the Minneapolis Fed is a perfect example. He told the Fanatical Times this week that ” With inflation running below the 2 per cent target for…
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