Newcomb’s Paradox and the Banality of Success
In order to have a successful monetary policy, it is necessary to understand what success looks like. I fear that many pundits have the wrong view of success. They envision heroic central bankers valiantly fighting against cycles of too much spending and too little spending. In fact, that’s what failure looks like. To see why, … Continue reading Newcomb’s Paradox and the Banality of Success
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed