[ExI] Bank of England
stefano.vaj at gmail.com
Sat Jun 20 23:27:26 UTC 2009
On Sat, Jun 20, 2009 at 11:23 AM, Stathis Papaioannou<stathisp at gmail.com> wrote:
> The democratic process has seen many countries install partly
> independent central banks, where you might think this is not in the
> interests of the politicians.
It may well have been in the interest of single politicians to support
the process, or at least not to resist it. And/or it may even have
corresponded to their ideological biases and of to various influences
they were subject to.
It remains in fact to be seen whether this was in the best interest of
the political regime(s) they were part of, let alone of the people
they were deemed to represent.
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