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2016-07-17

Monetary policy is but one factor in the grand economic equation and should certainly not be the most important one Mauldin

We shouldn’t have to talk about central banks and their leaders every time we discuss the economy. 

Monetary policy is but one factor in the grand economic equation and should certainly not be the most important one. Yet the Fed and its fellow central banks have been hogging center stage for nearly a decade now.

That might be okay if their policies made sense, but abundant evidence says they do not. 

Overreliance on low interest rates to stimulate growth led our central bankers to zero interest rates.

John Mauldin 16 July 2016


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