Central Bankers at the End of Their Rope?

Monetary Policy and the Coming Depression

Business & Finance, Finance & Investing, Banks & Banking
Cover of the book Central Bankers at the End of Their Rope? by Jack Rasmus, Clarity Press
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Author: Jack Rasmus ISBN: 9780997287035
Publisher: Clarity Press Publication: September 7, 2017
Imprint: Clarity Press Language: English
Author: Jack Rasmus
ISBN: 9780997287035
Publisher: Clarity Press
Publication: September 7, 2017
Imprint: Clarity Press
Language: English
An historically unprecedented state subsidization of the US financial system has been implemented since 2010 via the Federal Reserve, the US central bank. Oiginally designed to serve as lender of last resort during banking crises, central banking globally has been transformed into the subsidization of the private banking system. Today that system is addicted to, and increasingly dependent on, continuing central bank infusions of significant amounts of liquidity. Rescinding this artificial subsidization would almost certainly lead to a financial and real collapse of the global economy. Central banks will not be able any time soon to retreat from their massive liquidity injections. Nor will they find it possible to raise their interest rates much beyond brief token adjustments. Truly, central bankers are at the end of their rope. This book provides a comprehensive analysis of this urgent dilemma and proposes how to revolutionize central banking in the public interest.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
An historically unprecedented state subsidization of the US financial system has been implemented since 2010 via the Federal Reserve, the US central bank. Oiginally designed to serve as lender of last resort during banking crises, central banking globally has been transformed into the subsidization of the private banking system. Today that system is addicted to, and increasingly dependent on, continuing central bank infusions of significant amounts of liquidity. Rescinding this artificial subsidization would almost certainly lead to a financial and real collapse of the global economy. Central banks will not be able any time soon to retreat from their massive liquidity injections. Nor will they find it possible to raise their interest rates much beyond brief token adjustments. Truly, central bankers are at the end of their rope. This book provides a comprehensive analysis of this urgent dilemma and proposes how to revolutionize central banking in the public interest.

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