The central bank is not the problem. The problem is the lack of regulation that incentivizes asset bubbles, rent seeking and financialization of the economy instead of propitiating lending for productive investment. Banks should be public or regulated.
The central bank is not the problem. The problem is the lack of regulation that incentivizes asset bubbles, rent seeking and financialization of the economy instead of propitiating lending for productive investment. Banks should be public or regulated.