Wall Stree Jounral:
Debunking the Myths About Central Banks
Does an economy need a lender of last resort? Is the Fed
really independent? It's time for some rethinking.
"The first myth is that central banks are intrinsically necessary for market economies. History and theory belie this. ... The second myth is that central banks are needed as a lender of last resort ... A third myth is that of central-bank independence."
The End of Growth Wouldn't Be the End of CapitalismBy
With the U.S., Japan, and Europe facing lost decades and hundreds of millions of frustrated middle-class workers, it's worth asking: How much does capitalism need growth to survive?