History shows that central banks delay raising interest rates for too long after a recession, then panic and raise them too much, causing another one. Will they do this again? Probably....
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Why BIS calls for higher rates now to head off risk-taking is a foolhardy idea
It's possible that a society of educated people is likely to be more cultured and scientific-minded than one of non-graduates, and this should have positive externalities in the form of better political discourse and higher culture. There is, however, little evidence of this in practice.
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Fiscal pessimism - by @Frances_Coppola http://t.co/RyB52UV0H1
This week's Newsletter is live: The Rise and Fall of Piketty Critiques - http://t.co/JArjPS6CnB
Shredded, the RBS saga and banking reform - by @ShodanAlexM http://t.co/QZGDdPpHVO
Ultra-liquidity - http://t.co/ZW4c73iQoO
The retrospective nature of volatility can induce a false sense of security - http://t.co/HKmtyk0eCq