As an Amazon Associate I earn from qualifying purchases from

Central banks need to stop the mission creep

Financial Times/Merryn Somerset Webb/8-27-2021

image of two pencils with incscription 'between a rock and a hard place'

“What’s the point of a central bank?”

USAGOLD note: Webb begins this editorial by taking central banks to task for going beyond their mission to manage the money supply and interest rates in a manner that keeps inflation subdued. Now climate change and economic inequality are added to the portfolio. Near the end of this FT opinion piece, she drops something of a bombshell. “The developed world,” she writes, “is in as hideous a monetary policy trap as it is possible to imagine.” She asks, “Once you’ve let markets bubble, how on earth do you unbubble them?”



This entry was posted in Today’s top gold news and opinion. Bookmark the permalink.

Source link

We will be happy to hear your thoughts

Leave a reply

Backup Investor
Reset Password
Compare items
  • Total (0)