S!ayer on Nostr: Mocked for raising interest rates to early, mocked for lower rates too slowly And yet ...
Mocked for raising interest rates to early, mocked for lower rates too slowly
And yet inflation was only ~2.5% at peak and we're back down.
Central bankers need to be scared as fuck of everything. They should be prudent, slow, methodical and data driven
They should be influenced by monetary policies or political parties.
At the South African Reserve Bank they really understand that any percentage change in inflation will literally kill people. Life and death not just wealth errosion.
Most people hate central bankers because they've been exposed to shitty, risk on central bankers who gladly accept "transitory" inflation because "they can absorb it"
For example, US inflation went from 0 to 5% within a month, but no one really died.
Here, I watched for months people in stores choosing between what to take or what not to eat, check prices of everything and putting it back. And inflation here went up marginally.
Tbh I'd like to see the data that SARB has that correlates percentage deaths to percentage change in inflation. Must be like 100k people for every 0.6 or something crazy
And yet inflation was only ~2.5% at peak and we're back down.
Central bankers need to be scared as fuck of everything. They should be prudent, slow, methodical and data driven
They should be influenced by monetary policies or political parties.
At the South African Reserve Bank they really understand that any percentage change in inflation will literally kill people. Life and death not just wealth errosion.
Most people hate central bankers because they've been exposed to shitty, risk on central bankers who gladly accept "transitory" inflation because "they can absorb it"
For example, US inflation went from 0 to 5% within a month, but no one really died.
Here, I watched for months people in stores choosing between what to take or what not to eat, check prices of everything and putting it back. And inflation here went up marginally.
Tbh I'd like to see the data that SARB has that correlates percentage deaths to percentage change in inflation. Must be like 100k people for every 0.6 or something crazy