Class is for debates, and we discussed the central bank's dual mandate, the business cycle, and GDP. One thing leads to the next...

I like that our classes are open to perspectives. Having an international class helps a lot too.

In class, or at work, vibe check is people recognize that we're going wrong with these contradictions. I think people get it.

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Discussion

The Central Bank's dual mandate is better served letting the free market determine interest rates. Interest rates set higher or lower than the natural equilibrium cause unemployment or inflation respectively. Without market forces to dampen cycles, they become more violent until the system hits resonance.

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