It reminds me of PIO, or pilot induced oscillation, a lag in the plane's response to a pilot moving the stick, ... You push the stick down and the plane doesn't go down right away, so you push it down more, and then it really starts to fall. The same thing happens in monetary policy if you have gradualism in interest rates. Lincoln Anderson
Motivational, Inspirational, Funny Quotes
![For five years I worked at the [Commerce Department] and did econometric modeling, and you could never get these numbers to load into consumption numbers. They're not leading indicators or coincident indicators. They don't tell you a lot. - Lincoln Anderson Quotes](/pic/img/img.php?text=Rm9yIGZpdmUgeWVhcnMgSSB3b3JrZWQgYXQgdGhlIFtDb21tZXJjZSBEZXBhcnRtZW50XSBhbmQgZGlkIGVjb25vbWV0cmljIG1vZGVsaW5nLCBhbmQgeW91IGNvdWxkIG5ldmVyIGdldCB0aGVzZSBudW1iZXJzIHRvIGxvYWQgaW50byBjb25zdW1wdGlvbiBudW1iZXJzLiBUaGV5J3JlIG5vdCBsZWFkaW5nIGluZGljYXRvcnMgb3IgY29pbmNpZGVudCBpbmRpY2F0b3JzLiBUaGV5IGRvbid0IHRlbGwgeW91IGEgbG90LiA=&author=ICBMaW5jb2xuIEFuZGVyc29uICAgIA==&num=3 "For five years I worked at the [Commerce Department] and did econometric modeling, and you could never get these numbers to load into consumption numbers. They're not leading indicators or coincident indicators. They don't tell you a lot. - Lincoln Anderson Quotes")
