Do 'Markets' talk sense?*

Dec 20th 2018, C.P. Chandrasekhar

Markets never were nor can be "rational", they cannot be sensible enough to discipline governments and central banks to do the right thing. Rather, they have in recent decades forced central banks to adopt measures that fuel speculation, and are therefore patently wrong.

This article was originally published in the Frontline Print edition: January 5, 2019.

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