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WASHINGTON – Centrální banky po celém světě konečně zareagovaly na globální finanční krizi tím, že zorganizovaly koordinované snížení úrokových sazeb o půl procentního bodu. To je vítaný krok, avšak zapotřebí je mnohem více – a rychle. Zavedou-li se ihned, mohou mít prudká snížení sazeb stále významný pozitivní dopad. Odloží-li se, bude jejich dopad pravděpodobně minimální.

Kam se člověk podívá, reagují hlavní světové centrální banky na prohlubující se krizi pomalu. Toto selhání odráží dominanci konvenční ekonomiky, která v globální komunitě centrálních bankéřů vytvořila skupinové myšlení uzavřené novým nápadům. V důsledku toho se centrálním bankám nepodařilo rozpoznat blížící se finanční cunami, a dokonce i po jeho příchodu dál vedli poslední válku proti inflaci.

Nejhoršími provinilci jsou Evropská centrální banka a Bank of England. To není nijak překvapivé, poněvadž evropští centrální bankéři jsou ve svém uvažování nejkonvenčnější a nejvíce posedlí inflací. Zároveň to vysvětluje, proč měla kontinentální Evropa tak dlouhou dobu tak vysokou nezaměstnanost.

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