Blackwell UK
The Distortion Theory of Macro-economic Forecasting
A Guide for Economists and Investors
ISBN: 9780899309101
Format: Hardback
Publisher: Greenwood Press
This book contends that central bank policy pits the Federal Reserve against consumers, creating business cycles and inflation…
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This book contends that central bank policy pits the Federal Reserve against consumers, creating business cycles and inflation. As the cycle progresses, the velocity of money starts to rise, complicating the central bank's problems. Ultimately, either a depression or a runaway inflation develops. The gold standard would not alter patterns of supply and demand and would prevent business cycles and inflation. This is a challenging, provocative guide for investment professionals and corporate economists.
