Commodity Trade Mantra

Posts Tagged ‘Economic Models’

6 Major Flaws in the Fed’s Economic Model

Janet Yellen’s greatest deficiency is that she does not use practical rules. Instead she uses esoteric economic models that do not correspond to reality. This approach is highlighted in two Yellen speeches. In June 2012 she described her “optimal control” model and in April 2013 she described her model of “communications policy.”

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