monetary policy

The German Constitutional Court in Karlsruhe has created one of the most serious problems for both the European Court of Justice and the European Central Bank in their entire history. This happened with a decision examining the legality of the ECB’s main asset purchase program, or so-called quantitative easing, called the Public Sector Purchase Programme …

Author: Frank Shostak, Mises.org The idea that more money can boost the economy is based on the belief that money has a stimulatory effect by increasing aggregate spending. More money in people’s pockets means they can spend more, and the rest follows from that. Money, in this sense, is a means …

Author: Nikolay Nenovski Professor at Jules Verne University, France Former member of the BNB Governing Board The material was written on October 30, 2019. Due to the limitations of the text size, I will formulate my views as theses. On the monetary policy of the ECB and in general on the monetary policy of the leading central banks I believe (and …

Author: Frank Shostak, Mises.org It is widely believed that the resources that in normal times are used to generate economic prosperity are not used to their full capacity during recessions. Some experts argue that what is needed in such situations are policies that will increase the availability of credit …

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The Deformation of the Capital Structure – a Volcano with a Wooden Lid (read the first part here) The main problem of the world economy since the late 2010s and early 2020s is the deformation of the capital structure. This problem is clearly, in detail and well-foundedly described by the Austrian …

Author: Andrew Moran, libertynation.com When any of the many bubbles burst – choose your poison – and the next financial crisis hits Wall Street and Main Street, how will governments and central banks react? They have already fired all their unconventional bullets, from negative interest rates to massive money printing …

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The world economy is synchronously falling into the zone of another powerful turbulence. This is no coincidence, given all the efforts of central banks and governments. It is they who take care of the synchronization in the inflation of market bubbles of various assets and resources. It is they who succumb to lobbying …

Author: Hristiyan Atanasov Money has always attracted attention. Everyone wants to own it, control it, and especially have the right to produce it. Having arisen spontaneously to facilitate market exchange, it quickly becomes the darling of the political authorities, which try to monopolize it. The reason is more than clear…

Draghi urges Eurozone countries to adopt more aggressive fiscal policies Former central bankers and ECB board members have expressed serious disagreement with the ECB's current policy Interest rates on government debt in Europe continue to reach record lows Stock markets recovered slightly in September, but a new correction at the beginning …

0:22 – Introduction to the topics in the episode and the special guest financier Biser Manolov 01:02 – News from Bulgaria 01:53 – Why are banks in Bulgaria massively raising fees and commissions? 04:33 – Banks vs. new fintech companies like Revolut – are banks losing the battle? 06:20 – The paradoxical monetary and regulatory policy …