Wonkblog economics editor Neil Irwin has a book coming out this week. “The Alchemists: Three Central Bankers and a World on Fire” (The Penguin Press, available April 4) tells the story of how central bankers came to exert vast influence over the global economy, and how they wielded that power from 2007 to 2012, through… Read more »
Posts Tagged: Bankers
How do we fix the global economy? Here’s the answer from the secretive group of 30 bankers that runs the world.
The Group of 30 is a secretive assemblage of some of the most powerful people in the world of finance, most of them current or former central bankers, finance ministers, chiefs of mega-banks or all three. Monday morning they released a new report arguing for how they think the financial system needs changes to ensure… Read more »
Economics Daily Digest: Central bankers just don’t understand
By Tim Price, originally published on Next New Deal Click here to receive the Daily Digest via email. The Fed Is More Out of It Than You Thought It Was (Bloomberg) Roosevelt Institute Fellow Mike Konczal argues that transcripts show the Fed failed to grasp that the economy was (and is) weak because consumers are… Read more »
Claim: 18-Member Group of Central Bankers Conducting Global Economic ‘Experiment’
An eye-opening report contends that an 18-member group made up of the world’s most powerful central bankers—five of whom hail from the Massachusetts Institute of Technology (MIT)—conducts six meetings a year to fashion a “high-stakes experiment” to avert global economic collapse. Together, the central bankers’ countries produce $ 51 trillion worth of gross domestic product…. Read more »