Central Banking in a Political Landscape

This chapter explores the evolution of central banking, focusing on pivotal events like the 2008 financial crisis and its implications for modern monetary policy. It examines the complex relationship between central banks and democratic processes, discussing historical tensions and the future challenges posed by political influences on central banking. The conversation raises questions about the balance of power between elected officials and central bankers, advocating for a reevaluation of their roles to better serve public interests.

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