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From the BIS. Central Banks should raise rates or face price inflation and instability.
Keynesians – blood-letting advocates.
Courtesy of bugmenot, I found you can read the article without the annoying registration requirement by searching for its title on Google News, then clicking it from there.
Further increases in production, therefore, risk more sharp increases in prices.
Somebody care to explain the logic behind that statement?
BIS is quite as full of economic BS as the central banks.
There seem to be no logic in it unless it refers to the production of money.
you can. however, the simple fact that ft.com requires a login in the first place should dissaude anyone from visiting their site and giving them the ad views. encourage different models of content delivery, instead.
Thanks for that useful tip.
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