• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 50 mins Greta named Time Magazine "Person of the Year"
  • 3 mins americavchina.com
  • 2 mins DUMB IT DOWN-IMPEACHMENT
  • 21 hours Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 12 mins POTUS Trump signs the HK Bill
  • 1 hour Everything you think you know about economics is WRONG!
  • 18 mins WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
  • 1 day Iraq war and Possible Lies
  • 10 hours Winter Storms Hitting Continental US
This Australian Billionaire Just Saved A Solar Farm

This Australian Billionaire Just Saved A Solar Farm

Billionaire Andrew Forrest is looking…

Morgan Stanley: Tesla Stock Could Hit $500

Morgan Stanley: Tesla Stock Could Hit $500

Tesla’s share price could soar…

Bankers and Economists Fail to Understand Why the Economy isn't Growing

Central bankers debating the limits of power in Jackson Hole are wondering what's holding back the economy.

 "What is holding the economy back? Why is it that we've had such incredibly accommodative monetary policy for so long (but) we've had so little growth? I think it remains a puzzle," said Donald Kohn, who is now a senior fellow at the Brookings Institution think tank in Washington.

Adam Posen, who finished his final day as a member of the Bank of England's monetary policy on Friday and is a powerful advocate for more forceful central bank action, asked the same question as Kohn: "Why has all this lower short-term interest rates failed to make the economy go go go?" He argued that policymakers in Europe and the United States should waste no time in extending asset purchase programs to spur growth.

Central bankers and economists are so wrapped up in warped mathematical formulas they fail to understand the obvious. The answer, which they refuse to accept, or even consider as a possibility, is that central bankers and the monetary system itself are the problem.

Click here to read the full article.



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play