Central banks need escape route from cycle of boom and bust

In his FT article of 1 November, 2024, John Plender made favourable reference to my most recent publication “Why the monetary framework in advanced countries needs fundamental reform”. It has been published as a chapter in the book “The age of debt bubbles”, edited by Max Rangely and published by Springer. Plender concludes that we urgently need debate on excessive monetary easing and the neglect of credit and debt developments. I totally agree, and would add (see my recent AEI presentation) that central banks have essentially ignored supply side developments as well.

https://www.ft.com/content/72b48b7d-ec17-4135-aa40-98b96eec2e64