Dienstag, 27. Mai 2008, 1:00 Uhr

Ökonomen haben sich selbst reingelegt

NICE is an acronym for “non-inflationary consistent expansion,” according to Mr. King. It is his way of describing what other economists called the “great moderation,” a period so agreeable that they gave themselves credit for it. Macro economists believed they had finally mastered the art of central banking – so perfectly manipulating the credit cycle as to produce growth without causing the consumer price inflation that typically accompanies it.

Quelle: The Average Investor Makes Far More By Accident than by Fund Manager

Labels: Wirtschaft, Wissenschaft

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