The End of Cheap Money Is Bad News for Workers

Created
Mon, 16/10/2023 - 22:01
Updated
Mon, 16/10/2023 - 22:42

As a recent editorial in the Financial Times pointed out, the era of low interest rates is well and truly over. What does this mean for global capitalism?  In the years between 2008 and 2022, the world became accustomed to extraordinarily cheap money. It all started when central banks cut interest rates following the financial […]