[slackerchews]

hey, i dont know much about central banking/economics, but i feel like i know enough to know that I know nothing. it seems that this topic produces the lowest-quality, highest-confidence responses of any on this board.

You and a few others seem to be the only posters with an proper understanding of the topic. But I could be wrong - you may be as dumb as me.

Could you point me in the direction of some resources that can help me be literate in this topic? I have already read the BoE paper that gets passed around here.

[vishnugupta]

If you've read BoE paper then I guess you are already at the 90th percentile.

Here are some interesting rabbit holes I've found to be useful.

1. Central Banking 101 [1]. A terrific no non-sense book. The author is an ex-central banker.

2. Same author's blog[2] and twitter[3] handle is full of good insights and details.

3. Lyn Alden[4] writes well but know that she is biased towards Bitcoin which sort of clouds her writings once in a while.

[1] https://www.goodreads.com/book/show/56863052-central-banking...

[2] https://fedguy.com

[3] https://twitter.com/FedGuy12

[4] https://www.lynalden.com

[anon291]

An ex central banker is going to present information with particular biases.

[pjc50]

> it seems that this topic produces the lowest-quality, highest-confidence responses of any on this board.

If you have this insight, you're already ahead of the game.

The background of orthodox macroeconomics, and the rationale for raising rates in response to inflation, comes from Keynes: https://en.wikipedia.org/wiki/The_General_Theory_of_Employme...

[operator-name]

Could you link to this BoE paper that you are referring to?

[poooogles]

https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...