Tag: volcker

––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “We sometimes forget that central banking, as we know it today, is, in fact, largely an invention of the past hundred years or so,...

––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “Deflation is a threat posed by a critical breakdown of the financial system. Slow growth and recurrent recessions without systemic financial disturbances, even the...

––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “We sometimes forget that central banking, as we know it today, is, in fact, largely an invention of the past hundred years or so,...