Cancel culture: should govvies held by central bank be torn up?

Sam Kerr

February 11, 2021 08:30 PM

piketty_PA — Economist Thomas Piketty takes part in a debate at the annual Fete de l'Humanite organized by French newspaper L'Humanite in the Paris suburb of La Courneuve, France, on September 14, 2019. Thomas Piketty is back with a new economics book and it's even weightier than his 2013 700-page best-seller "Capital in the 21st Century." The new book, called "Capitalism and Ideology," tops 1,200 pages and delves into the political ideologies behind income inequality, while providing radical solutions for reversing the world's wealth disparities. Photo by Patrice Pierrot/Avenir Pictures/ABACAPRESS.COM | Pierrot Patrice/Avenir Pictures/ABACA/ABACA/PA Images

Thomas Piketty and 100 other economists from across Europe put their signatures to an op-ed this week calling for the ECB to cancel its holdings of government debt. GlobalCapital debates whether it is radical but wise policy making, or would make matters worse still.

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Sam Kerr