Adam Tooze: The death of the Central Bank myth | Curio
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Foreign Policy

Adam Tooze: The death of the Central Bank myth

47 mins | Jul 14, 2022
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How COVID ended the illusion that monetary policy was technical, and not political. The central bank was supposed to act as a counter-majoritarian institution that did everything possible to keep inflation low. But the model of the 1990s is falling apart. Here, Adam Tooze explores how in recent decades, central banks have become more powerful than ever. But the expansion of their role has seen a loss of clarity of purpose.
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