Central Bank Myths Drag down World Economy

Central Bank Myths Drag down World Economy

By Anis Chowdhury and Jomo Kwame SundaramSYDNEY and KUALA LUMPUR, Oct 10 2022 (USNewsRank)
The dogmatic obsession with and focus on fighting inflation in rich countries are pushing the world economy into recession, with many dire consequences, especially for poorer countries. This phobia is due to myths shared by most central bankers.

Anis Chowdhury

Myth 1: Inflation chokes growth
The common…

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