The great tragedy of the global economic malaise is that it is caused by a shortage of something that is essentially costless to produce: money. Both banks and governments can produce money at physically trivial costs. Banks create money by creating a loan, and the establishment costs of a loan are [...]
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Steve Keen, Contributor, Forbes
Sat, 02/06/2016 - 7:36am
BING NEWS:
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Bank of Japan policy board member Toyoaki Nakamura said he is still not fully confident that wages and inflation will keep growing.
06/5/2024 - 2:32 pm | View Link - Boeing Starliner launches first crewed space flight
Canada’s central bank has cut interest rates by a quarter of a percentage point to 4.75pc, signaling an end to its aggressive monetary policy after inflation fell to 2.7pc in April. The Bank of Canada ...
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06/4/2024 - 10:00 pm | View Link - Naira misses IMF exchange rate listing for June in Nigeria
The naira has been omitted from the International Monetary Fund (IMF) list of Representative Exchange Rates for Selected Currencies for June 2024. This is just as the gap between the official and ...
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