Julius_Maximus on Nostr: "...the actions of heads of state are far more important than the actions of central ...

"...the actions of heads of state are far more important than the actions of central banks. That is because heads of state lead, their actions affect inflation, and central banks merely follow by hiking rates to 'clean up'." - Zoltan Pozsar

https://www.goldseiten-forum.com/attachment/182978-2022-12-27-gmd-132-december-27-2022-pdf/