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b_b  ·  922 days ago  ·  link  ·    ·  parent  ·  post: ECB pulls out all stops with rate cuts, stimulus boost

Hopefully one day economists will recognize that a model is only as good as its underlying assumptions, and that if empirical evidence doesn't match with your predicted outcomes that the problem isn't that the world has gone mad, but rather your model is useless for the current situation.