Spuds against rational expectations

That is because I do not accept the premises of rational expectations theory,

Hmm.

So why are some one third of gilts index linked then?

3 thoughts on “Spuds against rational expectations”

  1. Is there any theory that the Lofty Spud does not instinctively reject? I am sure that even his attachment to MMT is to a heretical sideline that no one else follows

  2. That’s good – but his idea on how to cut the cost of paying interest on QE is even better.

    Seriously, it’s worth a read for the sheer unadulterated fuckwittery of it.

    His plan in simple terms – reverse QE, but give the banks back totally illiquid perpetual bonds.

Leave a Reply

Your email address will not be published. Required fields are marked *