A postmodern reenactment of the 1930s | 124 comments (124 topical, 0 editorial, 0 hidden)

Re: A postmodern reenactment of the 1930s (none / 1)

There's a fundamental contradiction between the doctrine of CB independence and the insistence on a tight definition (and the tightest interpretation of that definition) of what the CB is allowed to do.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Feb 14th, 2013 at 04:00:42 PM EST
[ Parent ]

Re: A postmodern reenactment of the 1930s (none / 0)

The doctrine of central bank independence has always been a shell game designed to protect Lysenkoist idiocy from public censure.

There is no contradiction at all in enshrining far-right policies into the constitution and then setting up an economic junta which is unaccountable as long as it enforce those policies.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Feb 14th, 2013 at 04:13:24 PM EST
[ Parent ]

Re: A postmodern reenactment of the 1930s (4.00 / 2)

No contradiction at all -- from the point of view those who wish to impose those far-right policies.

But for the majority of public opinion in Europe today, the contradiction between the doctrine of independence and the fact of tight limits on independence should be a perfectly perceptible one -- if it were given sufficient play, of course (admittedly not easy to bring about).

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Feb 14th, 2013 at 04:20:07 PM EST
[ Parent ]

A postmodern reenactment of the 1930s | 124 comments (124 topical, 0 editorial, 0 hidden)

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