Donald Trump’s latest tirade against the head of the US central bank is so obviously negative for the dollar that you have to wonder whether the President is deliberately trying to undermine the US currency. Remarkably, the answer may indeed be ‘yes’. On Monday, Trump used his social media platform to call Federal Reserve Chair … Continue reading President Trump is gradually undermining confidence in the dollar, one tirade at a time
Tag: negative interest rates
Is there any case for negative interest rates?
It’s hard to add much to the debate over whether or not the Bank of England (BoE) should cut its key interest rate, currently just 0.1%, below zero. The case against negative interest rates has been well made by David Smith, Liam Halligan and Peter Warburton, among many others, including MPC veterans such as Andrew … Continue reading Is there any case for negative interest rates?
Fiscal and monetary policies in a time of Covid
Here’s a presentation I gave on 19th October (to A-level economics and business students) on fiscal and monetary policies in the UK, covering topics such as the impact of Covid on the public finances, whether taxes will have to rise to pay for it, whether the BoE should ease further, the pros and cons of … Continue reading Fiscal and monetary policies in a time of Covid
Plain-speaking Economics 