Are central banks still the answer to promote growth?
June 13, 2016 01:00:00 AM
What happens when you keep pushing on a string? After a while you end up with a tangled pile, not an orderly ball that you can easily unravel. And the longer you push the more difficult unraveling becomes. For the past several years, central banks have enacted policies that, in hindsight, have begun to appear no more effective at driving sustainable growth than “pushing on a string.”