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Author
Frances Coppola 35 posts 0 comments
Frances Coppola, a former banker, is a writer, singer and twitterer extraordinaire. Coppola Comment is her main blog, which started out as a place where she could ramble on about anything that interested her. These days the posts on the site are entirely about matters financial and economic. She does not talk about her personal life or beliefs unless they are relevant to a financial or economic matter. Frances is politically non-aligned and economically neutral (She does not regard herself as "belonging" to any particular school of economics). And she does not give investment advice.
In my last post, I argued that enforced separation of investment banking and commercial banking would not eliminate the need to provide central bank support to investment banks and other non-banks in the event of another Lehman-type…
Grieving for Glass-Steagall
Glass-Steagall is dead. Rather like Soviet-era Communist leaders, it has been officially dead since 1999, and actually dead for much longer. Though there was no state funeral, the body was not embalmed or put on display and few people…
The wastefulness of automation
What if automation means that what capitalists really want is a very small, highly skilled workforce to control the robots that do all the work? What if paying people enough to live on simply is not cost-effective compared to the running…
QE, the expectations fairy and other bedtime stories
There are perhaps more myths about QE than almost any other monetary policy instrument. Here are five of the most pernicious QE myths.
On QE, inflation and Deflation
So QE cannot possibly offset the effects of fiscal tightening in the lives of ordinary working people - the largest part of the population. In fact because it seems to discourage productive corporate investment, it may even reinforce…