Commentary
One of the great mistakes among economists is to receive the measures of central banks as if they were revealed truth. It’s surprising and concerning that it’s considered mandatory to defend each of the actions of central banks.
The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, Germany, on March 12, 2020. Daniel Roland/AFP via Getty Images
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Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”
