Friday, April 23, 2010
SOS does your central bank set interest rates?
The two charts above, one is central Bank of Japan, another is Fed, it proved the fallacy of the myth that central banks set the market interest rates, actually, they just follow the market rates, period.
So when economists argue that the Fed set the rate to a low, actually, Fed just follow the market rates.
It is not so much of what school does we attend, it is more important we get a good education. It is not easy to know the truth nowadays as the medias always gets the limelight, hence, we naturally live in delusion, except for a few.
How then to avoid living in delusion?
Well, this cannot be help, it is predestined. Some are searching high and low, to fulfill their emptiness in live, to satisfy their body, mind and soul.
Perhaps one may want to read, www.falundafa.org, which may assist one to enlighten to many life's issues.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment