2min chapter

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Worldview — the power of central banks

Engelsberg Ideas Podcasts

CHAPTER

The Importance of Democracy in Economic Structure

Politicians will never stand aside when there is a major economic problem. I think it requires not just the central bank, but also the government to be able to exercise that degree of muscle. We're moving into an environment where fiscal authorities have more power or more influence than we might have perceived them to have had over the last decade if that's fair.

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