Central Banks are Completely Oblivious
The ECB's Peter Praet's recent comment on the stability of the financial system reveals a remarkable blindness.
The ECB's Peter Praet's recent comment on the stability of the financial system reveals a remarkable blindness.
As the Fed continues to hike rates, the ECB must soon follow the course of cutting back on "easing" policy.
Mark Carney seeks to defend the trustworthiness of the banking industry. He misses the systematic problem of central banking.
Growth rates in the money supply have fallen each month since October.
Central bankers position themselves as heroically saving the global economy, while blind to the fact they are the real problem.