Tuesday, January 21, 2020

Central bankers getting parsimonious

Central banks should make that as straight-forward as possible. And, in jurisdictions that have chosen to have a market economy, they should distort market mechanisms no more than required to achieve their objectives.

Says Central Banker Paul Tucker, as reported on Alt-m. 

Good word,
parcere "to spare, save, refrain from, use moderately" 
In sandbox term that means no lops in the structured queues, do not get involved in value added chain in debt, and avoid time bets.  Force risk onto participants and be prepared to take some actuarial gains and losses.  Lesson two is how to do a deal with the senators.

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