55.0 Live Reaction: What Central Banks Should Target
Jeff Snider reacts LIVE! to a Martin Wolf column in the Financial Times. Wolf ponders what central banks should target (e.g. inflation, asset prices, social justice, nominal GDP). Incredibly at no point in the article was targeting actual money supply considered. WILD!

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Twitter: https://twitter.com/EmilKalinowski
Art: https://davidparkins.com/

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———Ep 55.0 Topics———

00:05 Do central banks know that monetary policy is an art? Yes. Yet they say it is science.
03:24 When did central banks start targeting inflation? Which bank was first?
05:47 When did the Federal Reserve start interest rate targeting?
07:09 Should central banks target asset prices (e.g. New Zealand wants to target home prices)
11:29 At no point in the opinion column was “targeting money” considered
13:09 What is the solution to central bank difficulties? ‘Nothing, keep doing the same.’
14:13 How much does a cloud weigh?

———Ep 55.0 References———

What central banks ought to target: https://on.ft.com/38eLtu7
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

———WHO———

Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, targeting cat-video ratings. Art by Master Quillsman, David Parkins.