Liz Truss, the UK’s latest Prime Minister, has vowed to review the mandate of the Bank of England (BoE). It’s unclear what outcome she wants, although Kwasi Kwarteng, who is likely to be the new Chancellor of the Exchequer, has suggested the BoE didn’t move fast enough to lift interest rates. Does that mean she wants more influence over the bank’s decision making? On this week’s podcast Phil Dobbie and Prof Steve Keen look at the approach taken by central banks this time round to reduce inflation and Phil asks Steve, if you were to change the function of central banks, what would you do?
Bill Mitchell presents his new book written with Thomas Fazi Reclaiming the State View here
The First Fight between Michael Hudson and Thomas Piketty about the nature of Debt was held on the 10th anniversary of the edition of David Graeber’s 5000 Years of Debt. The fight had so many […]