Do central banks and government policies control the markets? Apparently not...
invite response
2014 Dec 22, 11:10pm 716 views 2 comments
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1
tatupu70
2014 Dec 22, 11:49pm
tatupu70
2014 Dec 22, 11:49pm
Keynesians and monetarists believe that authorities can control the money supply and interest rates,
Influence, not control.
2
Tenpoundbass
2014 Dec 23, 12:03am
Tenpoundbass
2014 Dec 23, 12:03am
Can control and trying to control or saying that they can control the market is not the same thing.
It's more of a favored manipulation than a control. They succeed until shit like OPEC saying "Fuck you, we're tired of the poor uprising, and the greedy money hungry oil price manipulating West making "US" look like the monsters!"
Virtually everyone believes this statement; certainly most economists do. Keynesians and monetarists believe that authorities can control the money supply and interest rates, and most neo-Austrians believe that the Fed is all-powerful when it comes to inflating: Whatever inflation rate it wants, it simply manufactures. But is it true?
http://www.globaldeflationnews.com/dont-get-ruined-by-these-10-popular-investment-myths-part-xthe-latest-report-from-elliott-wave-international/