Economics focus Tangled reins Economist.com:
Sep 6th 2007 From The Economist print edition: America's central bank attempts to tame a beast it once let loose Illustration by JacCOWBOY culture might not seem an obvious source of inspiration for central bankers. But during their recent gathering in Jackson Hole, Wyoming, the world's monetary-policy elite watched a new-age cowboy saddle an unbroken horse, calming the anxious animal with soft words and a gentle touch. The techniques of horse whispering, he claimed, could be used to build trust and confidence in all walks of life. “What about the commercial-paper market?” one onlooker quipped.
Sep 6th 2007 From The Economist print edition: America's central bank attempts to tame a beast it once let loose Illustration by JacCOWBOY culture might not seem an obvious source of inspiration for central bankers. But during their recent gathering in Jackson Hole, Wyoming, the world's monetary-policy elite watched a new-age cowboy saddle an unbroken horse, calming the anxious animal with soft words and a gentle touch. The techniques of horse whispering, he claimed, could be used to build trust and confidence in all walks of life. “What about the commercial-paper market?” one onlooker quipped.
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