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 […]
A very short piece but definitely a thought worth thinking about. In Yanis Varoufakis’ blog. Read the article HERE.
Is the rising price of gold a threat to dollar hegemony? Cross-posted from Michael Hudson’s blog NIMA ALKHORSHID: Hi everybody, today is Thursday, February 20, 2025, and our friends Richard Wolff and Michael Hudson are […]
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 […]
MMT economist argues that MMT policy solutions were not applied during the 2008 financial crisis nor the pandemic crisis, but in both cases the government solutions showed that affordability is not the problem. L. Randall […]
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 […]
Erdogan seems to be responding to his election victory by retreating towards more ‘orthodox’ macroeconomic policies. Read the article HERE.
The European Central Bank has raised interest rates again, despite the alarming signs that a financial crisis is looming. Jordi Schröder Bosch is a researcher at Positive Money Europe. Cross-posted from Positive Money Europe Prices […]
European Central Bank chief Christine Lagarde’s claim that there is no trade-off between price stability and financial stability is evidently untrue and may come back to haunt her. Jordi Schröder Bosch is a researcher at […]
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