Re:Ten years after the financial crisis, GSE securities have...
by unknown_apostle on Sunday September 09, 2018 @05:50AM
(#17945165)
Yep inflationism :-) Though I prefer Soviet Monetarism.
It's an accurate description of the mindset, up to and including the existence of a whole army of Kremlinologists who specialise in interpreting the tones, nuances and choice of words of the apparat's public statements.
But it's not limited to the US. The effort to increase the size and lower the quality of central bank balance sheets was global. At various times in the last 10 years it was even coordinated. But of course, the special role of the US dollar in the global monetary system ensures that all capital roads still lead to NYC.
It's an accurate description of the mindset, up to and including the existence of a whole army of Kremlinologists who specialise in interpreting the tones, nuances and choice of words of the apparat's public statements.
But it's not limited to the US. The effort to increase the size and lower the quality of central bank balance sheets was global. At various times in the last 10 years it was even coordinated. But of course, the special role of the US dollar in the global monetary system ensures that all capital roads still lead to NYC.