"I don’t think there’s any conceivable economic logic for the ECB’s decision. It can only, I think, be understood as some kind of refusal to admit, even implicitly, that past decisions were wrong. "
'via Blog this'
How hard is it to just say "shit! We fucked up! Let's change course"
I make a mistake at least once a day. What I try to do is learn from them. Does that make me smarter than the average central banker?
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