Reply To: The FED "Jaw-boning the market" and Subjective Value Theory

#21689
bob.murphy.ancap
Participant

I could believe that they think something like, “Our banking and monetary system depend on confidence, and so if we tell everybody things will be fine, then it will be a self-fulfilling prophecy, so we’re not really lying.”

BTW I will answer your other questions but we are about to go on the Contra Cruise.