John Overmyer

对货币史的利用及滥用

发自伯克利——让我们设想有两种中央银行。一种是极度活跃且对事件反应迅速有力。虽然外界肯定不会指责这种银行忽略了当前事态发展,但会普遍批评其政策将在未来埋下隐患。

另一种央行行事从容不迫。事件发生时它依然保持冷静,并会不惜任何代价来避免做出那些可能会被视为鼓励过度冒险或是制造一小轮通胀的举措。

我刚刚描述的可不仅仅是设想。事实上,这就是对美联储和欧洲央行的简略描述。

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