With reports of negative 1st quarter US economic growth the conversation about unconventional economic policy and failings of orthodox policy continues its inevitable move in our direction.
An excellent example of this is recent Bloomberg titled piece Monetary Policy for the Next Recession providing a great synopsis of the soon to come pit stops along the way aka "Unconventional" monetary policies.
While we're hopeful for the coming great mea culpa regarding the nature of modern state money( & trying to spread the word ourselves) and movement toward full employment policies the conventional wisdom train has left the station but not close to arriving with us. In part because the stakes are too high for banks as primary beneficiaries of all current policies to allow central bankers to speak too openly though some are making waves.
Till then we're pulling for interest free public/private investment in energy efficiency and education with a prayer for full employment policies.
Stay tuned in here and we'll keep you informed!
An excellent example of this is recent Bloomberg titled piece Monetary Policy for the Next Recession providing a great synopsis of the soon to come pit stops along the way aka "Unconventional" monetary policies.
While we're hopeful for the coming great mea culpa regarding the nature of modern state money( & trying to spread the word ourselves) and movement toward full employment policies the conventional wisdom train has left the station but not close to arriving with us. In part because the stakes are too high for banks as primary beneficiaries of all current policies to allow central bankers to speak too openly though some are making waves.
Till then we're pulling for interest free public/private investment in energy efficiency and education with a prayer for full employment policies.
Stay tuned in here and we'll keep you informed!
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