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2022-01-12

Obfuscation is a central banker's tool. Greenspan has turned it into an art form

 "If I've made myself too clear, you must have misunderstood me," he once told a business audience. 

https://www.independent.co.uk/news/business/if-i-ve-made-myself-too-clear-you-must-have-misunderstood-me-1328606.html


As he once famously remarked: “I know you think you understand what you thought I said but I’m not sure you realise that what you heard is not what I meant.” 

https://englundmacro.blogspot.com/2021/11/andrew-bailey-governor-bank-of-england.html


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