主题:【原创】货币政策,汇率和房地产。读忙总货币政策文有感 -- mopfish
paper loss on the income statement of a central bank.
I can easily change accounting principles to report whatever the "profit" I want. PBOC/Fed is not required to comply with GAAP.
There is no 但是实在是在承担13亿人的身家性命责任. Central bank's responsibility is to create monetary "mirage" to fool both domestic and international financiers and maintain high employment of resources in one country--keep in mind, financial economy serves real economy! We live under FIAT currency system!
For any democratic nation, what is most important IS DOMESTIC PEOPLE'S WELFARE, employment, price stability. DO NOT BE FOOLED BY ACCOUNTING PAPER GAIN AND LOSS.
That's why Roosevelt broke away from international obligation and gold standard and use new fiat money(and its man-made inflation) to restart a dying US economy in early 1933.
A suggestion from an finance/accounting expert.
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🙂胡晓炼也谈过 kk 字62 2010-01-09 05:12:02
🙂mark to historical cost parishg 字415 2010-01-09 00:03:49
🙂你说得对,但是周小川不止一次说央行亏损不能依靠财政补贴 wqnsihs 字70 2010-01-09 00:53:45
🙂everything is paper gain or
🙂强制结汇的必然结果 suqier 字48 2010-01-08 06:24:53
🙂在贸易项下的外汇自由流动和有限开放的资本市场的前提下, wqnsihs 字38 2010-01-08 06:29:23
🙂大笑!不得不花 快乐是什么 字81 2010-01-08 04:26:24
🙂一直有个邪恶的感觉 2 踏翅 字44 2010-01-08 01:10:21