rosebrian99.bsky.social
👤 Joined on 14 September 2026
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- 14 Eyl 2026, 18:40
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Good column by Martin Wolf on Warsh’s approach. Tentative optimism. Unsurprisingly, Wolf likes the Mervyn King & John Kay argument that radical uncertainty makes things like forward guidance a nonsense (or, rather, correct in times when it’s not useful; incorrect when it might be informative).
Show PostFascinating parallel to unionization and cartelization in 19thC coal industry.
Show PostAgree very much with this. Choose the level of public spending based on what you need, not for fiscal targets.
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