Wednesday, 3 September 2014

Money in a Time of Zero - NYTimes.com

"It's true that we're living in a time of monetary impotence, where central banks trying to reflate economies are not having much success gaining traction. But it's important to note thatcontractionary monetary policy is working just fine; all the central banks that mistakenly decided that it was time to raise rates succeeded in doing just that, before realizing their error and reversing course."



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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!