When we left you on Friday, we were describing how the theories of Richard Lachmann suggested that there may be a way to avoid the coming catastrophe.
Macroeconomics: Global Central Banks News & Highlights
The Money Game
The banking crisis isn’t over yet. Attention is turning to a wave of commercial loans due for refinancing in 2023. This could be a critical moment. Not just for the economy and markets, but for the very concept of money itself. But get this…one economist saw this coming two decades ago. And he even predicted the solution. Read on for more…
Time to ‘STFB’?
‘How did this happen?’
That Sinking Feeling
The Fed raised rates by 25 basis points (0.25%). In the morning, investors thought they saw Janet Yellen at work. But by the afternoon they were sure it was Paul Volcker, raised from the dead, and sneaking back into the Fed.
The Voice — Another Thin Edge to Say No to
Governments are ‘problem creators’, not ‘solution providers’. Experience overwhelmingly shows us government ‘reforms’ are invariably the ‘thin edge of an ever-expanding wedge’. Once introduced, these schemes — no matter how well intended — only increase in size and expense…becoming costly problems for future taxpayers. The latest one — the Voice — is no exception…
Central Banks Must Choose: Banking Crisis or Inflation Crisis?
Central bankers have created an impossible choice for themselves. They can hike interest rates to bring down inflation, but risk causing a banking crisis. Or they can rescue the banking system, but risk causing an inflation crisis. Which will they choose?
