by Richard Werner is quite sane here, no chemtrails, anti-vax, or covid conspiracy theories. He believes the regulations should be changed to encourage more small banks to flourish, which would be more willing to fund small and medium sized businesses. Germany has been the most successful at this, he says, and many of these companies are very innovative in the new green technologies. It sounds good! the Russian Proverb goes: there is nothing more permanent than a temporary solution. As Quantitative Easing was introduced to buy Central Bankers time so they could fix the structural problems in the economy. But quickly QE became the solution to every possible economic hiccup. Temporary QE has now become the permanent problem which has juiced asset prices, created epic amounts of private debt,
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
Richard Werner is quite sane here, no chemtrails, anti-vax, or covid conspiracy theories.
He believes the regulations should be changed to encourage more small banks to flourish, which would be more willing to fund small and medium sized businesses. Germany has been the most successful at this, he says, and many of these companies are very innovative in the new green technologies. It sounds good!
the Russian Proverb goes: there is nothing more permanent than a temporary solution.
As Quantitative Easing was introduced to buy Central Bankers time so they could fix the structural problems in the economy. But quickly QE became the solution to every possible economic hiccup. Temporary QE has now become the permanent problem which has juiced asset prices, created epic amounts of private debt, and left most of us poorer…
Ross Ashcroft is joined by Professor Richard Werner, who first coined the term Quantitative Easing, to discuss what went wrong.