'November 17 – CNBC (Jeff Cox): ..Bullard delivered remarks centered on a rules-based approach to policymaking. Using standards set by Stanford economics professor John Taylor, Bullard insisted that the moves the Fed has made so far are insufficient..'
- Doug Noland,
SBF, FTX and QE, November 18, 2022
Context '..the “Taylor rule,”..' (Disaster)(Fed, ECB way behind the curve) - 'US Inflation Quickens to 9.1% .. relentless price pressures..' - 'Inflation at current levels is a severe economic, social, and political problem..'(Global Stagflation) - ECB has 'long way' to go with rate hikes, Knot says(Global Stagflation) - '..the failure of Bernanke-style central bank inflationism.' - '..In Austrian Economics parlance, it’s been epic malinvestment.''..- inflationism - on a global basis, the likes of which the world had never experienced..'(Global Stagflation)(Inflation out of control) - 'Eurozone Inflation Soars To 9.1%' - 'Dutch inflation jumps to 13.6%'(Global Stagflation) - 'This situation has essentially morphed into a cost-of-living crisis..' - Dr. Hunt(Global Stagflation) - '..Powell’s statement is totally inconsistent with Paul Volcker’s final say on monetary economics..'(Global Stagflation) - '..societal collapse .. central banks have been “dishonest” in deflecting blame for the price surge from their prolonged use of ultra-loose monetary policy...'(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'