How to Kill a Central Bank
Central banks, the institutions that control nations’ money supplies, are receiving an enormous amount of criticism these days. Even some central bankers are casting doubt upon their own institutions.
For instance, a former Governor of the Bank of England, Mervyn King blames central banks for inflation, Reuters reports. To elaborate, King thinks central banks created inflation by engaging in too much quantitative during after the COVID-19 pandemic.
Similarly, a Reserve Bank of Australia report admits that institution’s experts got the response to the…