“There is no need for central banks’ balance sheets to shrink. They could stay permanently larger; and, for some countries, permanently bigger central-bank balance sheets will help reduce public-debt burdens. Even when permanent monetization occurs — as it almost certainly will in Japan and possibly elsewhere — it may remain forever the policy that dare not speak its name. Such reticence may serve a useful purpose. But it must not blind central banks and governments to the full range of policy tools available to address today’s severe debt overhangs.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Latest Sign of China’s Slowdown: A Technology Cash Crunch
Former Portland Sex Offender Bureau officer pleads guilty to receipt of child pornography
Texas cop fired for shooting 41 times at suspect, killing him
Pope Francis condemns ‘culture of individualism’ for economic inequality
Norway Gets U.S. Help Chasing Citizens Dodging Income Taxes
U.S. Sued For Flooding Some Houston Neighborhoods to Save Others
Trump says it will be hard to unify country without a ‘major event’
Why your boss wants you to see online doctors
German army's crisis role widened
Top Chinese official warn of 'empty cities' emerging in China
Bank of Cyprus converts portion of uninsured savings to equity
Somali American caught up in a shadowy Pentagon counterpropaganda campaign
Seizing Children From Parents at the Border Is Immoral. What Can We Do About It?
Austrian children’s home charged with ‘decades’ of physical and mental abuse
Banks shiver as UBS swallows $885 million U.S. fine