ISM’s ‘Inflation’ Number Went Way Down (again)

By |2022-01-04T17:47:59-05:00January 4th, 2022|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Because there is no actual money in monetary policy, central banks have forced themselves (by having abandoned the monetary system decades ago) into an economic role that looks something like a hypnotist’s. Inflation is a monetary phenomenon, the man said, but in lieu of any practical experience in money what is a central bank to do?Manipulate emotion. Give it a [...]