Wednesday, February 8, 2012

Amateurishly done


1 comment:

jim said...

Hi Art,

Interest targeting, whether it has any effect on interest (doubtful), does apparently have
enormous effect. It has created lot of 'fear of inflation' and that is creating all sorts of market distortions as people pour money into hedges against inflation.

Chris Cook has an interesting take on this

This is a good summatry: