ARTICLE AD BOX
"You could call this the 'aggregate market failure' axiom. Otherwise, why would you need 6 fallible bureaucrats to set money market interest rates or fiddle with the shape of the yield curve on longer-term debt when there are vast trading markets perfectly capable of doing the job?"
~ David Stockman from his post 'How The Fed And White House Spenders Reduced Growth To Stall Speed' [translated into Enzed terms, 'cos it's just as relevant]
English (US) ·