In Shocking Tirade, Citi Lashes Out At “Utterly Misguided” Central Bankers, Invokes Weimar Republic’s Von Havenstein
by Tyler Durden
ZeroHedge.com
Jun 17, 2016
“If ever there was a time to invoke the Havenstein experience, it is now…. We should be invoking Havenstein to identify the present flaw in institutional thinking around current monetary policy, specifically negative rates. In other words, the lesson here is that, unfortunately, people believed in the efficacy of a completely irrational policy because it was put in place by a qualified and experienced policymaker- this instead of questioning the common sense merit of its possible outcome.”
The Rest…HERE
