Source: Cobden Centre
by Dr. Frank Shostak
“By popular thinking the economy is perceived to be like a space ship, which occasionally slips from the path of stable economic growth and stable prices. Following this way of thinking when economic activity slows down and falls below the path of stable economic growth and prices, it should be the duty of the central bank to give the economy a push, which will place it back onto the stable growth path. … We suggest that a tight monetary stance cannot undo the effects of the previous easy stance.” (09/23/25)
https://www.cobdencentre.org/2025/09/easy-versus-tighter-monetary-stance/