right barry ritholtz as an artist with the charts i should say but yes of course the problem with the global system is that they have the wrong model it's not that the banks stole billions it's not that they mourn or billions and committed massive fraud no doubt the model was wrong we were targeting the wrong thing so we're going to change the model and we're going to double down on fraud double down yeah i like that and now money week says that central banking my.

right barry ritholtz as an artist with the charts. but yes of course the problem with the global system is that they have the wrong model it's not that the banks stole billions it's not that they monitored billions and committed massive fraud no doubt the model was wrong we were targeting the wrong thing so we're going to change the my. model and we're going to double down on fraud double down yeah like that and now money week says that central banking might just work if it was genuinely independent if you had central bankers who are willing to do the whole counter cyclical thing we might have a more stable economy in other words the central banks were willing to raise interest rates to temper boo's rather than just slash them to it levy bust then they might do some good river their propaganda is that they can't predict they can't see booms they can't see bubbles they can only wipe them up but they say that they're finding deflation so that lower rates but the truth is that they cost inflation by lowering rates and those you know anyt