Central Banks Fight For Survival
When I hear the words "central banker " I don't picture a bald-headed academic patiently explaining the tedious minutiae of monetary policy to thick-skulled loud-mouthed politicians on Capitol Hill. Instead I think of a lumberjack tenuously perched on the tip a log floating in a river desperately trying to out-balance his foe. Log-rolling a sport invented by lumberjacks driving lumber downriver to sawmills pits 2 competitors standing atop a log as it floats along the surface. Mirroring the other’s moves each participant’s goal is to spin the other off the log into the water. The Federal Reserve and indeed central ...
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