The End of Banking, New Tales, and a Taxing Time Ahead

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tl;dr tax the rich


        Blyth, M. (2015). The End of Banking, New Tales, and a Taxing Time Ahead. In Blyth, M. Austerity: The History of a Dangerous Idea. Oxford University Press, pp. 229-244

(noun) a descriptive name or epithet; nickname

241

the pejorative sobriquet of financial repression

—p.241 by Mark Blyth

confirm

6 years, 4 months ago

the pejorative sobriquet of financial repression

—p.241 by Mark Blyth

confirm

6 years, 4 months ago

(from the FT so, grain of salt) measures by governments to boost their coffers and/or reduce debt, including holding down interest rates to below inflation (representing a tax on savers and a transfer of benefits from lenders to borrowers), imposing capital controls, etc. China gets accused of this a lot

241

Financial repression is basically a tax on captive bondholders and it works best when you have banks over a proverbial barrel

—p.241 by Mark Blyth

notable

6 years, 4 months ago

Financial repression is basically a tax on captive bondholders and it works best when you have banks over a proverbial barrel

—p.241 by Mark Blyth

notable

6 years, 4 months ago

Austerity: The History of a Dangerous Idea
by Mark Blyth

Austerity: The History of a Dangerous Idea
by Mark Blyth

Austerity: The History of a Dangerous Idea
by Mark Blyth