@oscrub.bsky.social
Reposted
“This is one of the few economic crises in capitalist history where the stimulus packages didn’t just stop the poor getting particularly badly hit, they actually made the poor better off in many countries,” Spies-Butcher says.
https://www.themonthly.com.au/share/212986/V4AKvqyG
https://www.themonthly.com.au/share/212986/V4AKvqyG
Brute Reserve: The wrong time to restrict the influence of the RBA
As central banks around the world assume greater responsibility for economic policy settings, especially in the face climate change pressures, the RBA is being reduced to an inflation-buster
www.themonthly.com.au
July 30, 2023 at 5:28 AM
“This is one of the few economic crises in capitalist history where the stimulus packages didn’t just stop the poor getting particularly badly hit, they actually made the poor better off in many countries,” Spies-Butcher says.
https://www.themonthly.com.au/share/212986/V4AKvqyG
https://www.themonthly.com.au/share/212986/V4AKvqyG