Summary:
From Asad Zaman In previous post on the founding of the Bank of England, we have explained that Central Banks were created to provide financing for wars. In fulfilling this role, they had several advantages over the state, enabling them to get credit, and get it at low interest rates. For a number of reasons, this was not possible for sovereign states. read more . . .
Topics:
Editor considers the following as important: Uncategorized
This could be interesting, too:
From Asad Zaman In previous post on the founding of the Bank of England, we have explained that Central Banks were created to provide financing for wars. In fulfilling this role, they had several advantages over the state, enabling them to get credit, and get it at low interest rates. For a number of reasons, this was not possible for sovereign states. read more . . .
Topics:
Editor considers the following as important: Uncategorized
This could be interesting, too:
Editor writes Water Flowing Upwards: Net financial flows from developing countries
John Quiggin writes Machines and tools
Eric Kramer writes An economic analysis of presidential immunity
Angry Bear writes Protesting Now and in the Sixties and Seventies
from Asad Zaman
In previous post on the founding of the Bank of England, we have explained that Central Banks were created to provide financing for wars. In fulfilling this role, they had several advantages over the state, enabling them to get credit, and get it at low interest rates. For a number of reasons, this was not possible for sovereign states. read more . . .