by Dr. Jeffrey Lewis, Silver-coin-investor:
Every day, we are bombarded with interest rate conjecture. When will they raise them? How can they?
The simplest answer is that they can’t. But why not? And who are they anyway?
They are the monetary authorities. They form the policy that shapes the politics.
What else can Central Banks do to stimulate the economy? They certainly couldn’t admit that they broke it to begin with.
But wait a minute. Aren’t we in a recovery?
The stock marker is up, housing prices are at record highs, the unemployment rate is back to normal. All the official statistics say so. So we don’t need the stimulus. We are on our way to sustainability.
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