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Amity Shlaes Quote

The phrase 'perception is reality' is overused generally. But perception can be reality in monetary policy. The bond market doesn't act merely on what it sees. It acts on what it expects of the Fed or the government.

Amity Shlaes

The phrase 'perception is reality' is overused generally. But perception can be reality in monetary policy. The bond market doesn't act merely on what it sees. It acts on what it expects of the Fed or the government.

Tags: perception, reality, bond

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About Amity Shlaes

Amity Ruth Shlaes ( SHLAYSS; born September 10, 1960) is an American conservative author, writer, and columnist. Shlaes has written five books, including three New York Times Bestsellers. She currently chairs the board of trustees of the Calvin Coolidge Presidential Foundation and serves as a Presidential Scholar at The King's College in New York City. She is a recipient of the Bastiat Prize and, more recently, the Bradley Prize.