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by Oberbaumbrucke 1469 days ago
With your first comment you are already more qualified than most current CB Governors. This current crisis has most Developed Markets going into it at 0%

  The best I found was to try to raise rates during the good times so there is wiggle room during downturns.
1 comments

It's well known, that understanding how the economy works, was never a requirement for CB Governor:

"Nobody Really Knows How the Economy Works. A Fed Paper Is the Latest Sign": https://www.nytimes.com/2021/10/01/upshot/inflation-economy-...

Greenspan: There was a "flaw in the model of how I perceived the world works.": https://www.propublica.org/article/greenspan-says-i-still-do...

"Greenspan Says I Still Dont Fully Understand What Happened": https://youtu.be/R5lZPWNFizQ