Smarter than our central bankers

BEIJING (Reuters) - China’s central bank governor Yi Gang said in a signed article published on Sunday that Beijing should maintain “normal” monetary policy as long as possible since economic growth is still within a reasonable range and inflation is mild overall.
China will not resort to quantitative easing even as the monetary policies of the world’s major economies are approaching zero interest rates, People’s Bank of China Governor Yi Gang wrote in an article published by the leading Communist Party theoretical journal Qiushi.
“We should not let the money held by the Chinese people become worthless... Maintaining positive interest rates and upward-inclined yield curve is generally conducive to the economic entities, and in line with the Chinese people’s saving culture, thus beneficial to the sustainable development of the economy,” said Yi.

He reiterated the central bank will continue to implement prudent monetary policy, conduct counter-cyclical adjustments, improve monetary policy transmission and keep liquidity reasonably ample.

At least they know how to talk with sense. 

We do not even have that.  I think they have figured out sandbox.  We have a bunch of Mises folks and Keynes folks still doing a 200 year old debate about Karl. We live in the dark ages, the era of economists doing 'bleedings' it has not stopped. Our economists have not advanced an inch, the bankers clueless and Zuck should just go ahead and say, screw this crap, do a complete LIbra.