Reading about Draghi's comments that the ECB would not be engaging in quantitative easing (QE) because this would amount to 'monetary financing' prompted a burst of nostalgia for the time when Willem Buiter was writing his 'Maverecon' for public consumption, and not selling his wares privately for Citi's clients. There was no more entertaining way to begin the day at the BoE than by reading his central bank tongue-lashing. And surely he would be moved to fury or sarcasm now [since, in general, it did not take much].
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What is Buiter writing for his clients about…
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Reading about Draghi's comments that the ECB would not be engaging in quantitative easing (QE) because this would amount to 'monetary financing' prompted a burst of nostalgia for the time when Willem Buiter was writing his 'Maverecon' for public consumption, and not selling his wares privately for Citi's clients. There was no more entertaining way to begin the day at the BoE than by reading his central bank tongue-lashing. And surely he would be moved to fury or sarcasm now [since, in general, it did not take much].