Wednesday, 1 June 2016

The ECB’s Illusory Independence (Yanis Varoufakis, Project-Syndicate)

A commitment to the independence of central banks is a vital part of the creed that “serious” policymakers are expected to uphold (privatization, labor-market “flexibility,” and so on). But what are central banks meant to be independent of? The answer seems obvious: governments

https://www.project-syndicate.org/commentary/europe-least-independent-central-bank-by-yanis-varoufakis-2016-06

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