Euros & Dollars: The Baseless Attack on the Polish Central Bank
Donald Tusk has accused the National Bank of Poland of manipulating interest rates to help his predecessor win last year’s election. Here is ample proof that Tusk has no case.
Donald Tusk has accused the National Bank of Poland of manipulating interest rates to help his predecessor win last year’s election. Here is ample proof that Tusk has no case.
Polish MEP says government attack on central bank president is “purely politically motivated and has no factual or legal basis.”
Despite differences in inflation rates and macroeconomic trends, many central banks make their policy decisions based on what the Federal Reserve does.
This was a bold move by one of Europe’s best-run monetary authorities.
European central banks agree that inflation may bump up again in 2024. But their explanations for this are oddly incongruent. What is really going on here?
The Swedish government’s budget is thoughtful, intelligent, and well balanced. Let’s see if it also can deliver as promised.
Can the U.S. government and its allies prevent a determined group of countries from de-dollarizing and significantly hurting the U.S. economy in the process? How would de-dollarization be affected if the unthinkable happens and Russia wins in Ukraine?
Several news sources have raised the volume about a possible systemwide banking crisis. I am not going to contribute to that. In fact, we should all be careful about determining whether or not such a crisis is at hand.
There are growing signs that the United States is heading for a Greek-style fiscal crisis. It is not imminent, but close enough to cause real worries for anyone interested in the U.S. economy.
So long as the Bank of England is entrusted with as much power as it has assumed for itself—it matters little whether the prime minister is Boris Johnson, Liz Truss, or even Margaret Thatcher.
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