The ECB relies on the Federal Reserve for dollar liquidity in a crisis – what happens if the Fed decided to turn off the dollar tap? Cross-posted from Positive Money The European Central Bank (ECB) […]
A very short piece but definitely a thought worth thinking about. In Yanis Varoufakis’ blog. Read the article HERE.
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 […]
Interest rate rises in the US have neither been effective in reducing inflation nor produced a recession. So what is going on? Cross-posted from Common Dreams Back in 2021 and early 2022, a posse of […]
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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