Monetary Policy: From Tool to Help States Make Structural Reforms to Excuse Not to Carry Them Out
Commentary
The constant financing of deficits in countries that perpetuate structural imbalances has not only not helped to strengthen growth, since the eurozone and the United States already suffered downgrades of estimates before the COVID-19 crisis, but is also driving inflation higher.
Monetary policy has been ultra-expansive for more than 10 years, in crisis, recovery, growth, and stabilization. In fact, the central bank becomes hostage to states that don’t reduce their structural imbalances but perpetuate them because the cost of debt is low and the central bank “supports” them.
CALGARY, AB / ACCESSWIRE / February 16, 2021 / Ivrnet Inc. (TSXV:IVI) ("Ivrnet" or the "Company") announces that it has received final approval from the TSX Venture Exchange to close its shares for debt
Credit.The Heads of State
By Gene B. Sperling
Mr. Sperling was the director of the National Economic Council under Presidents Barack Obama and Bill Clinton, and is the author of “Economic Dignity.”
Feb. 16, 2021
While controversial calls to “defund the police” have grabbed headlines, we urgently need to examine
how we fund the police today. The increasing use of excessive fees, fines, and surcharges to fund parts of our criminal justice system is creating punitive debt traps for millions of low-income Americans leaving prison. Many find themselves in an economic prison: prevented from paying down their debts by the debts themselves. Others are so entrapped that they are actually reincarcerated for unpaid debt. Either way, they are denied the dignity of a real second chance and a fresh start to pursue one’s purpose and to contribute to family, community and country.
February 16, 2021 IN LINE with supporting the fisheries sector, Land Bank of the Philippines (Landbank) is offering a new credit facility to assist existing and prospective commercial fishing operators in acquiring fishing vessels for domestic or overseas use.
Under the P2-billion Landbank Commercial Fishing Vessel Financing Program, eligible borrowers may loan up to 80 percent of the acquisition cost to purchase a brand-new, second-hand or refurbished commercial fishing boat and related equipment for their business. Landbank remains steadfast in supporting the fisheries sector. We are looking to cover the requirements for fishing vessels to assist more fishers in boosting their production and profit, and contribute to ensuring food security in the country, Landbank president and CEO Cecilia C. Borromeo said.