Ad Hoc Commentary – jobs as the true antidote to low inflation in Europe
“…Now that the Buba had ‘given’ green light for European QE, the only thing that we need to wait for is a low European inflation print. The Eurostat will give a flash estimate… Continue reading
Ad Hoc Commentary – the Bank of England explains away two misconceptions about money creation
byIf you were taught that: 1. Commercial banks lend out the deposits that savers placed with them, and 2. The central bank control the quantity of broad money via the money multiplier Then… Continue reading →