The Anatomy of Inflation(-expectation), very interesting - if only that Markus wouldn't interrupt him all the time. Couldn't he wait with his "I-am-smart"-questions until Yuri was done?
Alan Greenspan - "just because we can't make a judgement as to what these driving forces are, in an econometric sense, doesn't mean that it's not real". The total speciousness of that statement is just overwhelming.
Nice presentation! :)
The Anatomy of Inflation(-expectation), very interesting - if only that Markus wouldn't interrupt him all the time. Couldn't he wait with his "I-am-smart"-questions until Yuri was done?
Alan Greenspan - "just because we can't make a judgement as to what these driving forces are, in an econometric sense, doesn't mean that it's not real". The total speciousness of that statement is just overwhelming.
@@hyperadapted Printing Benjamin's is the driving force!
I don't understand why companies and consumers would coordinate around a focal point. Maybe a bond trader only?