Tag #Freemarkets

What evidence suggests that past attempts at central banking price controls, like those during Paul Volcker's tenure, were less impactful than commonly believed?

The article critiques the view that central banks can effectively manage economic variables like inflation through monetary policy. It uses the example of Paul Volcker's actions, arguing that his policies did not independently control inflation but rather responded to existing market trends. The author highlights the interconnected global credit market that negates attempts at localized control.