rein
Australian Treasurer refuses to use his legislative power to rein in the rogue RBA – William Mitchell – Modern Monetary Theory – Beragampengetahuan
It has been quite the week in central banking terms in Australia. We had the Federal Greens economic justice spokesperson demanding that the Federal Treasurer use the powers he has under the Reserve Bank of Australia Act 1959 and order the RBA to lower interest rates. Then we had the Treasurer playing the ‘RBA is […]
China wants to rein in its booming electric car industry – report – Beragampengetahuan
The Chinese government will step in and force the country’s electric vehicle (EV) makers to slow down production, as the growing number of startups threatens to cannibalise the industry. As reported by the Financial Times, China’s vice-minister of industry and information technology, Xin Guobin, last week warned there is “insufficient external consumer demand” for the […]