Blame the Fed for the Disconnect in Markets
The Federal Reserve building stands in Washington, D.C., on March 17, 2020. (Photographer: Andrew Harrer/Bloomberg)

Blame the Fed for the Disconnect in Markets

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(Bloomberg Opinion) -- British economist Charles Goodhart observed in the mid-1970s that “when a measure becomes a target, it ceases to be a good measure.” Some 45 years later, Goodhart’s Law is at...
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