ScienceGuy

Central banks play a critical role in maintaining the economic stability of a country. Their primary objectives include managing inflation, stabilizing the banking sector, ensuring the value of money, and sometimes, promoting employment. The Debunking Economics podcast with Steve Keen delves into these functions, providing clarity on how central banks operate and their profound impact on the economy. Let’s break down the discussion and analyze the core concepts. This podcast segment also unpacks several aspects of their operations, offering insights into bond markets, interest rates, monetary policy, and the interaction between central banks, private banks, and the real economy. Let’s break down these topics for clarity and depth.

 I read a book titled "1967 watershed, India's forgotten victory over China" which is a very well written, detailed book about events from 1965-1967 and dynamics of India-Pak-China relations. Click here to read some helpful resources and main points from the book

*Battle of Rezang La* is a beautifully written book that keeps the reader thoroughly engaged. The pacing is just right, allowing the narrative to evoke a strong sense of pain, anger, frustration, patriotism, and pride in the valor of the soldiers.

Chair Powell addressed the Federal Reserve's commitment to achieving its dual mandate: maximum employment and stable prices. The economic landscape and policy measures discussed include significant progress toward these goals, coupled with cautious adjustments to ensure sustainability and balance.

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Click here to read detailed notes with my comments. I will discuss some complicated or new processes/parts, etc., in detail and in simple words.

Federal Reserve Chair Jerome Powell addressed the current economic conditions, monetary policy decisions, and future outlook. He emphasized the Fed's commitment to its dual mandate of maximizing employment and stabilizing prices, noting significant progress over the past two years.