If econometrics really worked we’d all be fully employed: the dollar as toilet paper clearly in play

“Most of the time wrong, but never in doubt” should be the motto for central bankers everywhere. But, being as highly educated as they are, and having as little real-world experience as they do, they never seem to let the facts get in the way of their equations which “oh so” precisely seem to fit their mandates. Problem is: either their mandates are wrong or they need to refigure their equations.