Biggest central bank mistake?

Rambo35

Active member
227 6
I was wondering what you think was the biggest mistake made by any central bank since 2008?

I think all central banks failed together and am a big opponent of stimulus as it only applies a short term fix hoping it will buy the economy time, but at some point someone has to pay for the stimulus which in my opinion is far worse than a recession from which sustainable growth can be achieved.

I think there are quite a few historical cases which show that stimulus does not work and ends up being counter-productive. It is terrible that central banks act in order to please investors and not in order to create an environment for stable as well as sustainable economic growth.
 

The Leopard

Experienced member
1,877 1,020
It's political.

One historical example you could talk about is the Great Depression. Thomas Sowell is entertaining on it.

Biggest central bank mistake? Well, they're not mistakes - they're doing it on purpose. They're doing what governments and peoples want them to do.

But in terms of what they do wrong - pretty much everything they do.
 

Hakuna Matata

Well-known member
357 209
The biggest mistake any Central Bank has made is not appointing me to whatever position I applied to. They advertise for them in the back of teh economist. BoE was the last one.

I have also applied for a bunch of jobs in Africa (transport, infrastructure, occasional energy related posts). Just bang off your current C.V. and enjoy writing the cover letter.

I mostly did this as a student, mind.
 

Dameon

Junior member
31 1
QE for sure. Well maybe not today but it will be studied as a model of economic exhaustion in future.

Dameon
 

robertofx

Active member
139 1
hello..
Is forex trading a fake and fraud business??
why if yes and why if dont??

Why you are looking an answer for this question ? :-0
 

Rambo35

Active member
227 6
QE for sure. Well maybe not today but it will be studied as a model of economic exhaustion in future.

Dameon

I agree with you. Right now a lot of people may think it is positive, but in the end the price tag will be too high and not worth it.
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock