{"id":18087,"date":"2016-02-22T16:15:55","date_gmt":"2016-02-22T21:15:55","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18087"},"modified":"2016-02-22T16:15:55","modified_gmt":"2016-02-22T21:15:55","slug":"are-asian-central-bankers-even-crazier-than-our-own","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18087","title":{"rendered":"Are Asian Central Bankers Even Crazier Than Our Own?"},"content":{"rendered":"

Are Asian Central Bankers Even Crazier Than Our Own?<\/a><\/h3>\n

That the world\u2019s central bankers get a lot of things wrong, deliberately or not, and have done so for years now, is nothing new. But that they do things that result in the exact opposite of what they ostensibly aim for, and predictably so, perhaps is. And it\u2019s something that seems to be catching on, especially in Asia.<\/p>\n

Now, let\u2019s be clear on one thing first: central bankers have taken on roles and hubris and \u2018importance\u2019, that they should never have been allowed to get their fat little greedy fingers on. Central bankers in their 2016 disguise have no place in a functioning economy, let alone society, playing around with trillions of dollars in taxpayer money which they throw around to allegedly save an economy.<\/p>\n

They engage solely, since 2008 at the latest, in practices for which there are no historical precedents and for which no empirical research has been done. They literally make it up as they go along. And one might be forgiven for thinking that our societies deserve something better than what amounts to no more than basic crap-shooting by a bunch of economy bookworms. Couldn\u2019t we at least have gotten professional gamblers?<\/p>\n

Central bankers who moreover, as I have repeatedly quoted my friend\u00a0Steve Keen<\/a>\u00a0as saying, even have little to no understanding at all of the field they\u2019ve been studying all their adult lives.<\/p>\n

They don\u2019t understand their field, plus they have no idea what consequences their next little inventions will have, but they get to execute them anyway and put gargantuan amounts of someone else\u2019s money at risk, money which should really be used to keep economies at least as stable as possible.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Are Asian Central Bankers Even Crazier Than Our Own? That the world\u2019s central bankers get a lot of things wrong, deliberately or not, and have done so for years now, is nothing new. But that they do things that result in the exact opposite of what they ostensibly aim for, and predictably so, perhaps is. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1265,2674,85,124,190,202,218,1225,536,1389,2914,661,7738,690,750,4069,1939],"class_list":["post-18087","post","type-post","status-publish","format-standard","hentry","category-economics","tag-abenomics","tag-automatic-earth","tag-boj","tag-central-banks","tag-data","tag-deflation","tag-draghi","tag-kuroda","tag-money","tag-nirp","tag-pboc","tag-qe","tag-raul-meijer","tag-risk","tag-steve-keen","tag-yellen","tag-zirp"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18087"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18087\/revisions"}],"predecessor-version":[{"id":18088,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18087\/revisions\/18088"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}