Tag Archives | central banks (CBs)

  • Can Universal Basic Income End Poverty in Developing Countries?

    Developing countries need monetary financing

    Originally published: JOMO on November 1, 2022 (more by JOMO)  |

    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

    Originally published: JOMO on October 17, 2022 (more by JOMO)  |

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