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.

———SEE IT———

Twitter: https://twitter.com/izakaminska
Twitter: https://twitter.com/JeffSnider_AIP
Twitter: https://twitter.com/EmilKalinowski
Alhambra YouTube: https://bit.ly/2Xp3roy
Emil YouTube: https://bit.ly/310yisL
Art: https://davidparkins.com/

———HEAR IT———

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———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———

The perils of asking central banks to do too much: https://econ.st/3fZNZt5
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7


Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by David Parkins.