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 […]
Banks are making massive profits on European Central Bank interest rate rises, with German and French banks making the most Cross-posted from Positive Money Europe THE ECB is expected to pay around €40 billion in […]
The Federal Reserve, the Bank of England and the European Central Bank all appear determined to tip the world economy into recession Cross-posted from Tax Research UK Amazon forecast yesterday that it will make sales […]
Central banks have stoked housing inequality, increasing the wealth of those with assets and depriving those without Cross-posted from Positive Money Europe Housing prices plunged during the global financial crisis. A new cycle of increasing […]
The recession drums bang loudly on both sides of the Atlantic Cross-posted from the CEPR blog. There is a loud and growing chorus demanding that the Fed follow a path of aggressive rate hikes, which […]
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