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 Bank of England is deliberately seeking to make households poorer and increase unemployment through its blunt, ineffective rate-rise policy. David Spencer is Professor of Economics and Political Economy at the University of Leeds. Muhammad […]
‘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 […]
As a consequence of the European Central Bank (ECB) raising its interest rates, banks in the euro area will earn €70 billion in unearned windfall profits. Cross-posted from Positive Money Europe There is a huge […]
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 […]
High interest rates will increase the cost and slow the speed of decarbonisation, most notably in the areas of energy efficiency and renewable energy Cross-posted from the Positive Money Europe blog To reach net zero […]
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 […]
Interest rates are rising like never before, and it’s the world’s poorest who will suffer most. Read the article HERE.
The European Central Bank’s interest rate rise is wealth redistribution from us to the bankers – again Cross-posted from the LSE Europe blog About a decade ago, the billionaire Warren Buffett stated, with thinly veiled […]
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