the family complex constituted by the teleologies of historical progress in the bourgeois era
As will be apparent, the style is that not of an ‘introduction’, but of a semi-philological, semi-philosophical discussion
The key role played by this new international central bank – the ICU – would be to manage flows of money between states, and to use a new currency, bancor, as the relevant currency. (In other words, a neutral currency, not the currency of one imperial power.)
Capital controls are taxes, and differ from exchange controls. The latter place limits on the amount of a nation’s currency that can be taken abroad. Instead, the financial transaction tax or Tobin tax is a form of capital control, a tax on and ‘sand in the wheels’ of capital flows.
idk if she adequately clarified the diff tbh (seems like it's a case of limits vs taxes, which is not what the italicizing implies)
The economics profession regards the subsequent failure of economic activity as the new norm – ‘secular stagnation’. Interest rates are thought merely to reflect in a passive way this dismal outlook, one expected to extend indefinitely into the future.
