Category: Central Banks

Globalisation: R.I.P.

August 10, 2016 0

Globalisation is dead: long live deglobalisation! While Brexit has (fortunately) not been the cataclysm that analysts had so predicted, it is nonetheless the most spectacular manifestation of the end of the reign of globalisation. A revolt against the elites has indeed been brewing – across Western countries – since the crises of the years 2007…

By Michel Santi

The central bank of the 21st century

May 10, 2016 0

Central banks hold the key to our economic recovery since they can afford to create money in unlimited quantities, without ever fearing bankruptcy. While they don’t do it deliberately to relaunch growth, it is true that – in their defense – they weren’t founded to regulate public consumption. Their raison d’être has historically been to…

By Michel Santi