You Always Hurt the One You Love: Central Banks and the Murder of CapitalismThe book demolishes standard macroeconomic theory and shows how central banks blinkered obeisance to that theory has, by making bubbles, crises, recessions and, latterly, inflation inevitable, undermined the pillars of a capitalist society. It has become a commonplace to blame central banks for recurrent bubbles and financial crises, recessions, massive wealth inequality and widespread disenchantment with capitalism, and latterly for inflation. But
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You Always Hurt the One You Love: Central Banks and the Murder of Capitalism