The Absurd "Science" Of Central Banking---Never In Doubt, Always Wrong

Central bankers, however, are challenging such preconceptions. They write words that often have specific meanings in everyday custom but use them very differently than they had been before....Growing”, “potential”, “highly accommodative”, and, of course, “overseas economies continuing to grow firmly on the whole.” These words have  specific meanings, it’s just that they aren’t deployed that way here. It’s meaningless gibberish not constructed for actual scrutiny..

 

 

 

 

http://davidstockmanscontracorner.com/?p=236359&preview_id=236359&preview_nonce=4194719558&preview=true

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.