The primary mandate of central banks is to prevent price inflation, but interest rates are a blunt tool to achieve this. Alec Haglund joined Positive Money in 2024 as a Senior Researcher. Alec holds a […]
Central banks don’t really control inflation. Their real purpose is to protect financial assets at the expense of workers’ wages. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from […]
The idea that the government is using “taxpayers’ money” when it spends limits spending options and marginalises sections of the population. Eric Tymoigne is an associate professor of economics at Lewis & Clark College and a […]
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 […]
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