64.0: LIVE! Reaction: Answering The Economist
———Ep 64 Intro———
Should central bankers fix inequality? Un-change climates? The Economist says, ‘No! They are white knights to be held in reserve; don’t sully them with politics.’ Jeff Snider agrees on the ‘No!’, but for entirely opposite reasons.
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
———Ep 64.0 Topics———
01:13 Central bank mission creep is a result of their failure at the original job: manage money
04:43 When and why were central banks given independence and assumed a political detachment
07:19 Both governments and central bankers have taken an expansive view of the latter’s mission.
08:11 Politicians do not want to tackle difficult issues, shirking their duty to central bankers
11:35 A central bank’s original mission is money – not employment, not inflation.
———Ep 64.0 References———
Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by David Parkins.