Why central banks are too powerful and have created our inflation crisis – by the banking expert who pioneered quantitative easing
- Written by Richard Werner, Professor of banking and economics, University of Winchester
Iurii Motov/ShutterstockFifty years ago, a war broke out in the Middle East which resulted in a global oil embargo and a dramatic spike in energy prices.
The war, between Israel and an Arab coalition led by Egypt and Syria, began on October 6 1973 – the Jewish holy day of Yom Kippur. The oil embargo, announced 11 days later by the...
