Private Money with Stefan Eich
The Dig
00:00
Central Bankers Become Central Planners That Dare Not Say Their Name
The crisis undermined any presumption that money was still straightforwardly privy to the sovereignty of states and accountable to politics. The newly visible agency of central banks uncomfortably raised the possibility of political choices in a system that was supposedly without alternatives. A massive private global financial system had emerged that operated outside of the bounds of government or any sort of popular democratic power.
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