LIVE! Reaction: Answering The Economist
Eurodollar University
English - April 16, 2021 17:25 - 15 minutes - 14 MBInvesting Business News Business News eurodollar university jeff snider monetary order central banks alhambra investments inflation deflation economy depression recession Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
The Economist says, 'No! They are white knights to be held in reserve; don't sully them with politics.' Jeff Snider agrees on the 'No!', but for entirely opposite reasons.
---------SEE IT-----------
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
---------HEAR IT----------
Vurbl: https://bit.ly/3rq4dPn
Apple: https://apple.co/3czMcWN
Deezer: https://bit.ly/3ndoVPE
iHeart: https://ihr.fm/31jq7cI
TuneIn: http://tun.in/pjT2Z
Castro: https://bit.ly/30DMYza
Google: https://bit.ly/3e2Z48M
Spotify: https://spoti.fi/3arP8mY
Pandora: https://pdora.co/2GQL3Qg
Breaker: https://bit.ly/2CpHAFO
Castbox: https://bit.ly/3fJR5xQ
Podbean: https://bit.ly/2QpaDgh
Stitcher: https://bit.ly/2C1M1GB
PlayerFM: https://bit.ly/3piLtjV
Podchaser: https://bit.ly/3oFCrwN
PocketCast: https://pca.st/encarkdt
SoundCloud: https://bit.ly/3l0yFfK
ListenNotes: https://bit.ly/38xY7pb
AmazonMusic: https://amzn.to/2UpEk2P
PodcastAddict: https://bit.ly/2V39Xjr
----EPISODE #64TOPICS----
01:08 Central bank mission creep is a result of their failure at the original job: manage money
04:38 When and why were central banks given independence and assumed a political detachment
07:14 Both governments and central bankers have taken an expansive view of the latter's mission.
08:06 Politicians do not want to tackle difficult issues, shirking their duty to central bankers
11:30 A central bank's original mission is money - not employment, not inflation.
--------REFERENCES--------
The perils of asking central banks to do too much: https://econ.st/3fZNZt5
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7
---------WHO-----------
Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by David Parkins.