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A critique of the ECB's liquidity policies | 66 comments (66 topical, editorial, 0 hidden)
More like tachycardia, (4.00 / 2)
which cannot be a good metaphor/analogy.

Reminds me very much of 'over-control' of a process by trying to constantly adjust inputs to reach a target output mean and variation, when the effect of the input differentials (plus unknown/unstudied system variables, of course) is not well known. I've seen it, for instance, in dimensional 'control' of glass crucibles via power-level manipulation in the fusion process.

paul spencer

by paul spencer (paulgspencer@gmail.com) on Thu Feb 24th, 2011 at 11:10:54 AM EST
[ Parent ]
Re: More like tachycardia, (none / 0)
Do we need a defibrilator?

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Carrie (migeru at eurotrib dot com) on Thu Feb 24th, 2011 at 11:20:50 AM EST
[ Parent ]
Re: More like tachycardia, (none / 1)
Perhaps a revolution.

paul spencer
by paul spencer (paulgspencer@gmail.com) on Thu Feb 24th, 2011 at 11:23:01 AM EST
[ Parent ]

A critique of the ECB's liquidity policies | 66 comments (66 topical, 0 editorial, 0 hidden)
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