On the menu today: Negative interest rates, “stakeholder capitalism,” Illinois taxes, the EU’s Green New Deal, magic, math, money, and Sir Isaac Newton.
European Central Bank
On the menu today: state-and-local assistance, central bankers tackling climate change, and a look at New York's near-bankruptcy in 1975.
Gold reaches a record high, the complicated matter of the pandemic and the Swedish economy, and more.
Not for the first or the last time, “social responsibility” is being used as a way to get round democratic controls.
David Marsh is on top form as he looks at the current jurisdictional, political, and financial collision between German law and the European Central Bank.
Germany’s Constitutional Court (BVG) challenged the way that the European Central Bank (ECB) has been running the PSPP asset-purchase program.
There is still no evidence that voters in the EU’s member states want to enter into a political union on anything approaching the American model.
The existential questions that the European Project’s stakeholders have spent decades avoiding can’t be ignored much longer.
With no decision on how the Eurozone as a whole will step in to help its member-states battling COVID-19, Germany seems to be hiding behind The Netherlands:
One of the features of what passes for monetary policy these days is the willingness of some central banks to cross the ‘zero lower bound’. Translated from the jargon, what ...