Tags » Monetary
The ECB’s headquarters in Frankfurt, Germany.
In this essay I shall discuss the nature, purpose and impact of monetary policy using the example of the European Central Bank (ECB), whose central objective as the core of the European System of Central Banks (ESCB), and the Eurosystem, is laid down in Article 127 (1) of the Treaty on the Functioning of the European Union (TFEU): «The primary objective […] shall be to maintain price stability» (O.J. 2,549 more words
The free markets, economics, and statistics employed to speak about the financial picture we face is so perverted by central bank debt issuance that no one including the central bankers know what is going to happen. 281 more words
Fortuitously, I was able to have a brief discussion yesterday with former Fed chief Ben Bernanke.
He is on a media tour for his new memoir, “The Courage to Act: A Memoir of a Crisis and Its Aftermath.” Bernanke was waiting to go on Fox business channel and I was able to have a few minutes with him. 218 more words