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Description of  Balance of Power: Central Banks and the Fate of Democracies

0226834131 pdf Central banks now stand between societies and collapse, but are they still democratic? Two decades of financial crises have dramatically expanded central banks powers. In 2008, and then again in 2020, unelected banking officials found themselves suddenly responsible for the public welfarenot just because it was necessary but based on an idea that their independence from political systems would insulate them from the whims of populism. Now, as international crises continue and the scope of monetary interventions grows in response, these bankers have become increasingly powerful. In Read more