False Beliefs and Unhappy Endings

If you’re worried about another global recession, you won’t find any reassurance from economist William White, chairman of the OECD’s Economic and Development Review Committee. In this powerful article, he asserts that central bankers’ attempts to keep the economy on course are actually steering it into dangerous waters. He contends that loose monetary approaches don’t necessarily boost spending and that policy makers rely on flawed assumptions rather than on any real understanding of how the economy works. getAbstract highly recommends this intriguing report to economists, policy makers, executives and investors.