Bill Mitchell — Repeat after me: Central banks can make large losses and who would care

It’s Wednesday and I have a lot on today. I was scanning some transcripts from the European Parliament today as part of a project I am embarking on to update my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale (published May 2015). I have had lots of requests (including from publishers) to provide a revised version to take into account events since 2015, include Brexit and the pandemic. So my head is back in transcripts, hansard reports, and other official documents to create the trail of evidence I need to make the continued case against the monetary union and the EU, in general. I report today on a particularly interesting exchange that appeared in November 2020 in the European Parliament. And then we have some great harmonica playing....

Bill Mitchell – billy blog
Repeat after me: Central banks can make large losses and who would care
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

http://bilbo.economicoutlook.net/blog/?p=49228