Season 1 · Episode 160
Has Monetary Policy Had Its Day?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
July 31, 201935m 45s
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Show Notes
As the US Federal Reserve prepares to cut rates today, and the European Central Bank grapples with the how to boost growth without pushing interest rates into negative territory, Phil Dobbie asks Prof Steve Keen whether we’ve reached the end of the line for monetary policy. Even central banks are admitting more needs to be done by governments to provide stimulus to flagging economies. Isn’t it time to question the extent of the influence of central banks and some of the fundamental theories they treasure when reaching policy decisions?
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