Ad
The European Central Bank headquarters in Frankfurt (Photo: ECB/Flickr)

Analysis

Instead of fighting corporate greed, EU central bank targets wages?

Reuters published a story on a meeting between European central bankers this week, held somewhere in Finland in a remote village above the arctic circle (suitably far removed from democratic scrutiny, but that is a point for later.)

In it, two dozen slides were supposedly shown detailing how large corporate profits made up the bulk of inflation over the past year, a departure from the official story until now of a mismatch between demand and supply—or as classical monetary theory woul...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
Ad
Ad

Latest News