Two instances.
Today, the spectacle of Donald Trump, competing for the Republican nomination in the 2016 US Presidential election, accusing Janet Yellen’s Fed of skewing monetary policy deliberately to help out President Obama.
Or John McDonnell, expressing the view that the Bank of England should be taken back under ‘democratic control’, and the many implicit critiques of the BoE’s quantitative easing program contained in the proposal to supersede it with QE ‘for the people’ [unlike its predecessor, which was judged simply to help the better off].
I’ve blogged many times over about how I thought Carney should have stayed out of political issues [and in fact Janet Yellen’s comments on inequality were overstepping]. Is it likewise taboo for politicians to criticise independent central bankers?
No. That’s their job. Running or holding electoral office, they must be entitled to comment on whether all levers of policy are being used appropriately, whether the…
View original post 374 more words
Utopia, you are standing in it! 
Recent Comments