Bill Mitchell in London
2024-01-26 13:00 - 17:00 (Europe/London) | Unite the Union (Diskus Theatre), 128 Theobalds Road, London, WC1X 8TN, United Kingdom
GIMMS is delighted to host its first event of 2024 with Professor Bill Mitchell.
In Professor Mitchell’s words:
There has been a major policy experiment conducted in the last few years which seems to have escaped the attention of the media and commentators. It is very rare that we have the chance to compare two diametrically opposed approaches to a global problem that has impacted on all nations. But since 2021, most central banks have significantly increased interest rates to, in their view, combat the inflationary pressures that emerged. These nations have also tightened fiscal policy to, allegedly, ‘support’ the anti-inflationary stance of their central banks. Japan, in contradistinction has held interest rates constant while also increasing their fiscal policy stimulus to help households and firms deal with the rising cost-of-living pressures.
The nations that implemented contractionary policies not only misunderstood the nature of the inflationary pressures, but also demonstrated the poverty of the mainstream policy approach.
In this talk, I discuss the reasons the mainstream approach failed and why it is unfit for purpose.
NOTE: We would ask that people assemble from 13.00 onwards for a prompt 13.30 start to make the most of this important opportunity. Coffee and cake will be available in the break which will be followed by a Q&A session.rates
Bill asks that you wear masks at the event to protect yourself and those around you.
Tickets available via Eventbrite
