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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