Foreign Policy (unofficial)The central bank is a new arrival to the ranks of economic zombies—and that poses an unprecedented political challenge, Joseph W. Sullivan writes. https://buff.ly/3YKOkUI
Original tweet : https://twitter.com/ForeignPolicy/status/1695602025147318353
William Bell@foreignpolicy
This is a really good #article about the implications of #centralbank policies.
"According to one estimate, by 2028, the Bank of England’s zombification will effectively have transferred $157 billion from Britain’s households to its commercial banks."
@adamtooze @cameronabadi should write or podcast something about this.