Central banks cannot control employment and inflation by fiddling with the base rate of interest. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog Every August the […]
There seems to be little understanding among the EU political class about the signal this sends to governments and Central Banks across the world – that your money is not safe in Europe. Read the […]
‘Independent’ central banks are really a license to run monetary policy in the interests of the wealthy without any democratic accountability. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered […]
Once upon a time, the greed of tobacco companies was channeled through libertarian outrage over the restriction of smokers’ freedom to choose cancer. Today, the outrage is serving the interests of bankers panicking at the […]
Recording of economist Steve Keen’s BRAVE NEW EUROPE talk on 2 May 2023, in cooperation with Helle Panke and Rosa-Luxemburg Stiftung.
Incisive read explaining why Central Bank ‘solutions’ to the banking crisis aren’t actually fixing anything. Mareike Beck is a Leverhulme Early Career Fellow at King’s College London. Cross-posted from the LSE EUROPP blog Banking is […]
The only explanations for why Central Banks have not bought government bonds directly, and instead through the secondary market, are not based on logic or experience. Steve Keen is a Distinguished Research Fellow, Institute for […]
This is a crisis of the Central Bankers making. To fix it, they must radically shift policy. Richard Murphy is an economic justice campaigner. Professor of Accounting, Sheffield University Management School. Chartered accountant. Co-founder of the […]
They are pushing up interest rates the world over because monetary theory dictates that this is the way to bring down inflation. But not so long ago those same banks were arguing that inflation was […]
If price stability really is the mandate of Central Banks, then why don’t they crack down on the main driver of price inflation – fossil fuels? Ewan McGaughey is a Reader in Law, specialising in […]
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