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More Central Bank Independence?

The Governor of the Bank of England says central banks should have more independent control, particularly when it comes to managing stability of the finance sector.

In this episode, Phil and Steve dissect Bank of England Governor Andrew Bailey’s push for greater central bank independence, a move Bailey claims is necessary to shield price stability from politically motivated meddling. Steve Keen, however, isn’t buying the mainstream narrative, arguing that central banks are operating on a “fantasy” model that ignore…

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