Taro's View

Taro's Blog on Modern Political Economy

Monday, January 28, 2013

Stiglitz Against Central Bank Independence

In the crisis, countries with less independent central banks-China, India, and Brazil-did far, far better than countries with more independent central banks, Europe and the United States. There is no such thing as truly independent institutions. All public institutions are accountable, and the only question is to whom..

Less independent central banks did better in the financial crisis. They did what?
 
Taro at 3:55:00 PM

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Taro
Good friends, good books and a sleepy conscience: this is the ideal life. Mark Twain (Photo: Berlin,Germany,2008)
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