Tag Archives | central banks (CBs)

  • Can Universal Basic Income End Poverty in Developing Countries?

    Developing countries need monetary financing

    Developing countries have long been told to avoid borrowing from central banks (CBs) to finance government spending. Many have even legislated against CB financing of fiscal expenditure.

  • Federal Reserve System Headquarters, Washington, DC

    Stop worshiping central banks

    Preoccupied with enhancing their own ‘credibility’ and reputations, central banks (CBs) are again driving the world economy into recession, financial turmoil and debt crises.