The Age of Micro Economic Coordination Is Back

The age of micro economic coordination is back. The question is, how to do it in an architectural structure which has got 19 central bankers in the board? So, you know, be'r coming back to the perennial problem of thot which is, of course, an architectural issue. There's no single authority that can make that decision. You have to agree among all these members, states and the board. It's just much more difficult.