freediver wrote on Oct 24
th, 2016 at 8:19pm:
The reserve bank isn't going to tie your shoelaces either Perce. That doesn't mean it is a bad idea.
1) On most occasions last century, Central Banks would &/or could have, had substantial & quite possibly, positive impacts on outcomes in the local & Global Economy!
2) Given the current set of circumstances, which are impacting the Local & Global Economy, the impact of Central Banks is now substantially reduced.
In fact, CB's are now at the point where they are no longer able to manage satisfactory outcomes, either on a Local OR Global scale!
3) An unbiased review of of Japan post 1990 &/or Europe/USA post GFC will confirm the above!
In short, the time of CB's & much of what Global Politicians have been able to rely on, has now passed into history!