Exactly, thank you! Most Central Banks just don't get it, they misunderstand monetary policy or are living in the deep past, or are vassals to the BIS (same thing) an facilitating the flow of the world's savings to the U.S. First of all, no economy can afford the burden of interest, esp with the lack of debt jubilees. The central banks have no concept of the difference between "fighting inflation" and re-flating an actually sinking economy. Yet they hold massive amounts of U.S. T-bills - debt instruments which they imagine as assets. Bonkers.
"The central banks have no concept of the difference between "fighting inflation" and re-flating an actually sinking economy..." <<thank you, this makes so much sense. it is also what local banks seem to do in not wanting to invest in small companies trying to set themselves up, assets be damned. young people/starting entrepreneurs can't open up shop, so to speak. this plugs the overall national economy and I'm not sure I understand why that would be beneficial, or indeed economical.
Ah, yes, the unseen constraints on the flow of money. The lucky ones find a way to tap into the Money River. Others are excluded. Banks look out for their own profit line, that's all. The are risk-adverse. Now think of a system such as Steiner's Threefold Social Order in which the *education system* directly funds young people's economic projects after they leave school.
Exactly, thank you! Most Central Banks just don't get it, they misunderstand monetary policy or are living in the deep past, or are vassals to the BIS (same thing) an facilitating the flow of the world's savings to the U.S. First of all, no economy can afford the burden of interest, esp with the lack of debt jubilees. The central banks have no concept of the difference between "fighting inflation" and re-flating an actually sinking economy. Yet they hold massive amounts of U.S. T-bills - debt instruments which they imagine as assets. Bonkers.
"The central banks have no concept of the difference between "fighting inflation" and re-flating an actually sinking economy..." <<thank you, this makes so much sense. it is also what local banks seem to do in not wanting to invest in small companies trying to set themselves up, assets be damned. young people/starting entrepreneurs can't open up shop, so to speak. this plugs the overall national economy and I'm not sure I understand why that would be beneficial, or indeed economical.
Ah, yes, the unseen constraints on the flow of money. The lucky ones find a way to tap into the Money River. Others are excluded. Banks look out for their own profit line, that's all. The are risk-adverse. Now think of a system such as Steiner's Threefold Social Order in which the *education system* directly funds young people's economic projects after they leave school.