...........Anyway, I always listen to central bankers’ interviews with a sense of humour. How the greatest price manipulators in the history of commerce (which is what setting “interest rates” really does) can sit and talk with a straight face about reforms, markets and liberalisation is a great mystery. But the probable answer is that, with the exception of Alan Greenspan, most central bankers are Keynesian in their beliefs and so they are probably just lip-synching. But there is hope! As Reddy showed, once can always learn.
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