The world’s central banks believe they have done their job

June 30th, 2013|by Michael Ashley Schulman, Perspectives, The Big Picture|

The world’s central banks believe they have done their job and that it’s time for political leaders to do theirs; returning to stability and prosperity should be a shared responsibility. According to the Bank for International Settlements (BIS), colloquially known as the central bankers’ bank, “cheap and plentiful central bank money” has merely bought time. […]