Sunday, July 16, 2017

Nikolaos Bourtzis — Let’s face it: Monetary Policy is Failing

Monetary policy has become the first line of defense against economic slowdowns — it’s especially taken the driver’s seat in combating the crisis that began in 2007. Headlines everywhere comment on central bank’s (CB) decision-making processes and reinforce the idea that central bankers are non-political economic experts that we can rely on during downturns. They rarely address, however, that central banks’ monetary policies have failed repeatedly and continue to operate on flawed logic. This piece reviews recent monetary policy efforts and explains why central bank operations deserve our skepticism–not our blind faith.
The Minskys
Let’s face it: Monetary Policy is Failing
Nikolaos Bourtzis

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