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Goodhart's law, coined by the British economist Charles Goodhart: when a measure becomes a target it ceases to be a good measure.
Vincent Deary • How We Break
Goodhart's law is an adage often stated as, "When a measure becomes a target, it ceases to be a good measure".[1] It is named after British economist Charles Goodhart, who is credited with expressing the core idea of the adage in a 1975 article on monetary policy in the United Kingdom:[2] Any observed statistical regularity will tend to collapse on
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when the central bank loses its ability to produce money and credit growth that passes through the economic system to produce real economic growth.
Ray Dalio • Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
Austerity and recession: Three simple graphs that explain New Zealand’s economic crisis
Geoff Bertramrnz.co.nz
Any observed statistical regularity will tend to collapse on... See more
Charles Goodhart • Goodhart's law
Once it is widely perceived that money and debt assets are no longer good storeholds of wealth,
Ray Dalio • Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1974
nobelprize.orgnobelprize.org
