Monthly Archives: June 2019

Alpha Beta and the Libra Twist

June 27, 2019 · by · in fun, Macro, Monetary policy, Nick Rowe · 13 Comments

Suppose I promise to be in the same place as you; but you make no promise to be in the same place as me. Then I am Beta follower and you are Alpha leader; because you go where you want to go and I must go to the same place to keep my promise. We […]