Bloomberg/Ben Holland and Liz McCormick/10-16-2022
“In the all-hands-on-deck economics of the pandemic, governments and their central banks shared the same goals. Now they’re starting to pull in different directions.”
USAGOLD note: Is this really what is happening? Or are central banks and governments still on the same page? This article cites a split between the UK government and the Bank of England as evidence, but when push came to shove, the government cited a need, and the central bank, without hesitation, filled it by reintroducing sovereign debt purchases. In short, the two pulled in the same, not opposite, directions. We can debate the fine points all we want, but the bottom line is the bottom line.
