{"id":21895,"date":"2013-08-16T08:00:35","date_gmt":"2013-08-16T07:00:35","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=21895"},"modified":"2013-08-16T08:00:35","modified_gmt":"2013-08-16T07:00:35","slug":"have-no-doubt-who-the-economy-is-run-for-its-bankers","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/08\/16\/have-no-doubt-who-the-economy-is-run-for-its-bankers\/","title":{"rendered":"Have no doubt who the economy is run for: it&#8217;s bankers"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.theguardian.com\/business\/2013\/aug\/15\/global-markets-slide-interest-rate-fears\" target=\"_blank\">Guardian's financial headline today is<\/a>:<\/p>\n<blockquote><p>Bond yields surge and shares slump as investors spooked by worries that central banks will soon start to put the brakes on the economy<\/p><\/blockquote>\n<p>They may well be right. Mark Carney has already implied he'll tolerate 7% unemployment - well over 2.2. million people.<\/p>\n<p>Why will he do that? To make sure that the financial markets have what they want.<\/p>\n<p>And that's why we need economic policy run by Chancellors who are democratically accountable rather than central bankers who are not.<\/p>\n<p>I often think the independence of the Bank of England was the biggest mistake Labour made.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Guardian&#8217;s financial headline today is: Bond yields surge and shares slump as investors spooked by worries that central banks will soon start to put<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/08\/16\/have-no-doubt-who-the-economy-is-run-for-its-bankers\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-21895","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/21895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=21895"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/21895\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=21895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=21895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=21895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}