LibraryScenariosWhen central bank communications involve deliberate misdirection
Scenario

When central bank communications involve deliberate misdirection

I helped design the communication strategy around quantitative easing, telling the public it would help everyone, but I knew it would mainly inflate asset prices that only wealthy people own.

Zera
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More people experience this than they realize.

What we've seen

Participating in institutional messaging that obscures true distributional effects creates a burden of complicit deception.

Ideas that help explain it
Worth thinking about

“Where Are You with Central banks and monetary policy?”

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