Central banks need reining in
Gerard Baker
The Times
In democracies, we can kick out elected politicians but not the “unelected bureaucrats” who “really control the value of the world’s money”, says Gerard Baker. For all the “fiscal follies” on both sides of the Atlantic, “by far the biggest culprits” for the “mauling of the global economy” are the Federal Reserve, the European Central Bank (ECB) and the Bank of England (BoE). These “titans of global economics” failed to spot the
