New global rules to prevent banks that are "too big to fail" from being bailed out by taxpayers have been proposed by the Financial Stability Board (FSB). Mark Carney, FSB chairman and governor of the Bank of England, told the BBC the plans were a "watershed" moment.
Now, when Janet Yellen, the Fed chairwoman, has called time on quantitative easing in the US, there are quite a few people advocating injecting the money directly into veins of the economy.
Monetary policy is one of the most important aspects of our world. It is also among the most misunderstood, reads the article in The Week, 17th October 2014, entitled How to get America to full employment — and fast
The damage done to the economic system by the tremendous support offered to banks by governments is much more serious than just misdirected lending, reads the letter by James Skinner in Financial Times, 19th Oct 2014.
Dutch national television broadcasted on 13th October 2014 a report with interviews with Martin Wolf and Positive Money’s Ben Dyson. They both spoke about the need to reform the monetary system.