"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Central Banks Ending Era of Clear Promises, Return to 'Artful' Policy
“From Washington to London to Tokyo, the global shift from transparency to flexibility underscores the challenges central bankers face as they test the limits of what monetary policy can achieve.” Flexibility is what allows them to pretend they carefully guiding economies,when, in fact, they are truly clueless.
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