'There’s no convincing evidence that central banks’ purchases of trillions of dollars of bonds and other financial assets helped any economy.'
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It’s Now Clear That QE Was a Colossal Policy Mistake, November 22, 2022
'Lawmakers from both parties at odds over future legislation to shore up the financial system
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“The fact is that President Biden — through all of the spending that he did in the last Congress and the last two years — has driven inflation up to the point where wage earners have to get a 14.8 per cent wage increase just to hold even with this kind of inflation,” Mike Crapo..'
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Silicon Valley Bank collapse exposes fresh divisions over US banking reform, March 16, 2023
'The euro area’s central banks will disclose their first significant losses from a decade of money printing in the coming weeks, heralding a new era of scrutiny and the prospect of taxpayer bailouts.'
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The ECB release will foreshadow a series of awkward national reports, with Germany’s Bundesbank potentially facing the biggest hit of all.
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However, in the last episode of repeated losses in the 1970s, officials rolled over the shortfall into subsequent years, raising the prospect that they might just do that again.
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The losses arise because the ECB created liquidity by buying €5 trillion in predominantly government bonds to stoke inflation and stabilize financial markets through the pandemic. A big part of those funds returned as deposits.'
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Euro Area Braces for Era of Central-Bank Losses After QE Binge, February 20, 2023
Context[Thomas Hoenig] has a Dire Warning About Where We’re Headed - '..Household Expense Data .. for 80 Years'Perils of Unsound Money - 'Once inflation dynamics become firmly embedded, a return to stability becomes extremely difficult..'(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'