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The book critiques the role of central banks in economic growth, arguing that past policies have led to repeated financial crises. It emphasizes the need for realistic solutions to combat zero-interest rates and excessive liquidity, advocating for sound money and balanced budgets to revitalize the middle class. The author contends that focusing on increasing disposable income can lead to a healthier economy, steering away from the pitfalls of low growth and high debt. Ultimately, it presents a pathway to escape the Central Bank Trap.
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Escape from the Central Bank Trap, Daniel Lacalle
- Lingua
- Pubblicato
- 2017
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