6 ms·

hey, i dont know much about central banking/economics, but i feel like i know enough to know that I know nothing. it seems that this topic produces the lowest-q

hey, i dont know much about central banking/economics, but i feel like i know enough to know that I know nothing. it seems that this topic produces the lowest-quality, highest-confidence responses of any on this board. You and a few others seem to be the only posters with an proper understanding of the topic. But I could be wrong - you may be as dumb as me. Could you point me in the direction of some resources that can help me be literate in this topic? I have already read the BoE paper that gets passed around here.

vishnugupta 3y ago
If you've read BoE paper then I guess you are already at the 90th percentile. Here are some interesting rabbit holes I've found to be useful. 1. Central Banking 101 [1]. A terrific no non-sense book. The author is an ex-central banker. 2. Same author's blog[2] and twitter[3] handle is full of good insights and details. 3. Lyn Alden[4] writes well but know that she is biased towards Bitcoin which sort of clouds her writings once in a while. [1] https://www.goodreads.com/book/show/56863052-central-banking-101 https://www.goodreads.com/book/show/56863052-central-banking... [2] https://fedguy.com https://fedguy.com [3] https://twitter.com/FedGuy12 https://twitter.com/FedGuy12 [4] https://www.lynalden.com https://www.lynalden.com
- anon291 3y ago
  An ex central banker is going to present information with particular biases.
operator-name 3y ago
Could you link to this BoE paper that you are referring to?
- poooogles 3y ago
  https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...
pjc50 3y ago
> it seems that this topic produces the lowest-quality, highest-confidence responses of any on this board. If you have this insight, you're already ahead of the game. The background of orthodox macroeconomics, and the rationale for raising rates in response to inflation, comes from Keynes: https://en.wikipedia.org/wiki/The_General_Theory_of_Employment,_Interest_and_Money https://en.wikipedia.org/wiki/The_General_Theory_of_Employme...

vishnugupta 3y ago

If you've read BoE paper then I guess you are already at the 90th percentile. Here are some interesting rabbit holes I've found to be useful. 1. Central Banking 101 [1]. A terrific no non-sense book. The author is an ex-central banker. 2. Same author's blog[2] and twitter[3] handle is full of good insights and details. 3. Lyn Alden[4] writes well but know that she is biased towards Bitcoin which sort of clouds her writings once in a while. [1] https://www.goodreads.com/book/show/56863052-central-banking-101 https://www.goodreads.com/book/show/56863052-central-banking... [2] https://fedguy.com https://fedguy.com [3] https://twitter.com/FedGuy12 https://twitter.com/FedGuy12 [4] https://www.lynalden.com https://www.lynalden.com

anon291 3y ago
An ex central banker is going to present information with particular biases.

operator-name 3y ago

Could you link to this BoE paper that you are referring to?

poooogles 3y ago
https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...

pjc50 3y ago

> it seems that this topic produces the lowest-quality, highest-confidence responses of any on this board. If you have this insight, you're already ahead of the game. The background of orthodox macroeconomics, and the rationale for raising rates in response to inflation, comes from Keynes: https://en.wikipedia.org/wiki/The_General_Theory_of_Employment,_Interest_and_Money https://en.wikipedia.org/wiki/The_General_Theory_of_Employme...