In the 1860’s, the Supreme Court was a ‘partisan creature’ and President Lincoln and the Republican Party remade it so that it reflected the party’s priorities.
The economic status of Black Americans hasn’t changed since the Fed was handed its mandate in 1977. Could targeting Black unemployment, encouraging credit and reporting discrepancies narrow the gap?
Franklin D Roosevelt signs bill that will lead to Gold Reserve Act 1934.
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You’ve heard of compulsory purchase orders for houses, but few realise it has sometimes happened with the world’s favourite precious metal.
The Bank of Canada has agreed to buy some of the new debt that provinces are taking on to deal with the coronavirus pandemic. It’s time for the central bank to do even more.
THE CANADIAN PRESS/Adrian Wyld
We’re running out of interest rates to cut to keep the economy from sinking. Before the next recession occurs, we need to come with an effective approach to monetary policy.
How many people realise that the central banks’ great programme for reviving the global economy involves hand-picking which companies and sectors to help out?
Would the economy be in better shape if the RBA had cut interest rates sooner?
AAP Image/Bianca De Marchi)
The Reserve Bank of Australia says it’s prepared to ease monetary policy further if needed to stimulate the economy. But is the policy working when interests rates are so low?
Reserve Bank governor Philip Lowe (right) says he needs government help to boost the economy. Treasurer Josh Frydenberg is yet to provide it.
Dan Himbrechts/AAP
Peter Martin, Crawford School of Public Policy, Australian National University
Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
This week’s Essential poll showed 56% of voters would prioritise stimulating the Australian economy over getting back to budget surplus.
Mick Tsikas/AAP
The IMF has increasingly turned its focus to growing inequality worldwide. Ironically, research shows that policy reforms it mandated exacerbated income inequalities.
In DC Comics’ world of opposites, a bizarro bond is “guaranteed to lose money”. Today a bizarro bond is not just a fantasy.
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In many countries people are now paying more for bonds than they will receive at maturity. These negative interest rates should make it a good time for investment.
Debate about SA Reserve Bank’s mandate must be done in a more considered manner, informed by evidence.
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The debate about the mandate of the South African Reserve Bank must be located within a clearly articulated political vision and social compact on the kind of society South Africans aspire to.
Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the Witwatersrand