The secret language of central bankers

According to this article by J. Bradford DeLong, published Tuesday 3 April by the Taipei Times, there seems to be general agreement today that the argument for talking in "Greenspanese" is essential for enabling central banks to ensure price stability no longer applies, if it was ever truly valid.

"Voters and politicians today, it seems, fear inflation and are willing to accept occasional economic recessions and unemployment above its natural rate as unfortunate but inevitable consequences of the

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