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Role of Central Banks’ “Free Money” Policy in Creating Financial Bubbles

by Bruce Lerro / Flashpoints / 03 Nov 2017
In a “real” economy, whether capitalist or socialist, the role of a central bank is to stabilize national  banks and reign them in. But under financial capitalism, the role of central banks is to provide financial capitalists with free money so financial capitalists can continue with their speculation. Jack Rasmus argues that from the United States, to Europe to Japan as these practices continue, the result will be a financial recession by late 2018.
Read at Jack Rasmus
Image from Terra Daily

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About The Author

Bruce

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his four books: From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning Power in Eden: The Emergence of Gender Hierarchies in the Ancient World Co-Authored with Christopher Chase-Dunn Social Change: Globalization from the Stone Age to the Present and Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia WA.

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