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Central Banking’s Bankrupt Narrative

September 7, 2019 // The Jordan Times - Jordan - English

LOS ANGELES — Former US secretary of the Treasury Lawrence H. Summers and Anna Stansbury recently cast doubt on the future of central banking, suggesting that the prevailing monetary-policy framework is in dire need of a rethink. I agree, and have been calling for a reconsideration of “Old Keynesian economics” [Read more]

4 = 2 = 1 = 0 = -2 = QE4

June 23, 2016 // Les Econoclastes - France - French

For a few years now, finance has dwelled on an illusion. The illusion that growth is infinite, that central banks have supernatural powers, that penal sanctions can never be eschewed, and that Janet Yellen is smarter than the rest of the world.
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