“Privatizing gains and socializing losses” could be the motto for the neoliberal era. Alongside this and “there is no alternative”, few slogans better capture the ideology that has been so successfully diffused throughout the world over the past several decades.
Five years after latest financial crisis, this motto rings true as ever. To say that . . . → Read More: Political Eh-conomy: QE: Furthering the habit of privatizing gains and socializing losses
The Bank of Canada has been in the news lately – or, more precisely, the news has been full of other well-placed people telling our central bankers what to do. In an interview on CTV this past weekend, Jim Flaherty made comments (later retracted) that Canada’s central bank will be pressured to raise interest rates . . . → Read More: Political Eh-conomy: Myths of central banking
Wife of Bank of England governor turns herself into a guillotine-magnet:
Diana Carney – wife of the new Bank of England governor (and former Bank of Canada head) – had a Mary Antoinette moment on March 25, 2013 when she whined on Twitter that she and her husband were having trouble finding suitable . . . → Read More: The Ranting Canadian: Wife of Bank of England governor turns herself into a guillotine-magnet