The evasiveness and lack of substance of the ECB’s feedback to the European Parliament reveal room for improvement in the practice of central bank accountability.
Contrary to what Emmanuel Macron says, “magic money” exists in the form of quantitative easing and credit creation.
Switzerland is the first country which is holding a national referendum on money creation.
Luis De Guindos’ nearly failed Parliamentary approval means it is time to upgrade the future appointment process of ECB board members.
Economist Josh Ryan-Collins urges ECB policymakers to take a deeper look at the ECB’s role in implementing a sustainable financial system.