Day: 26 October 2021

Summers’ Twitter Tirade as US inflation expectations hit 13 year high

Former US Treasury Secretary Larry Summers warns that the US is losing control of inflation. The debate is still unresolved says NAB’s Rodrigo Catril, but expectations could become a self-fulfilling prophecy.

Currency Wars

The floating of currencies has created a massive forex industry. Steve Keen says it has made life harder for speculators, which is a good thing, but the world missed a trick when it igmnored Keyne’s idea of the Bancor.

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