External Links & References
[John Taylor — Discretion versus Policy Rules in Practice] → https://web.stanford.edu/~johntayl/Papers/Discretion.PDF
[Federal Reserve issues FOMC statement, September 16, 2026] → https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm
[European Central Bank — Why the drivers of inflation matter for monetary policy] → https://www.ecb.europa.eu/press/blog/date/2026/html/ecb.blog20260901~8d48e51f14.en.html
[U.S. Energy Information Administration] → https://www.eia.gov/
[Warren Mosler — A central-bank-centred analysis of the price level, inflation and the neutral rate] → https://moslereconomics.com/a-cb-centered-analysis-of-the-price-level-inflation-and-the-neutral-rate-of-interest/
[Zorays Solar] → https://zorays.com/
[Economy & Markets] → https://zorayskhalid.com/category/economy-markets/
[Primary Energy vs Electricity Generation] → https://zorayskhalid.com/primary-energy-vs-electricity-generation/
[Pakistan’s Rs100 Petrol Relief] → https://zorayskhalid.com/petrol-relief/
[Why Average Wind Speed Can Give the Wrong Answer] → https://zorayskhalid.com/wind-energy/
Julia Ingram
October 19, 2026 at 5:25 am
The “you cannot 25-basis-point a chokepoint” framing sharply captures why supply disruptions demand more than routine monetary tightening.
Zorays
October 19, 2026 at 5:51 am
I appreciate you highlighting that framing. It underscores the fundamental disconnect between managing aggregate demand and addressing the physical constraints of a global chokepoint.
— Zorays
For continued reading: Combating Currency Smuggling Pakistans Economic Stability · Economic Turnaround