by The debate between Tom Palley and Steve Kamin on central bank independence and the several rescues of banks after financial crises, including the more recent rescue of the Silicon Valley Bank.[embedded content]Tom suggests that central banks are dominated by financial interests, and that this has been a problem. At the same time he avoids the libertarian notion of free banking, and suggests that a central bank at the service of public interest would require alternative views, I would directly say related to working class interests.
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Matias Vernengo considers the following as important: Central Bank Independence, Palley
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The debate between Tom Palley and Steve Kamin on central bank independence and the several rescues of banks after financial crises, including the more recent rescue of the Silicon Valley Bank.
Tom suggests that central banks are dominated by financial interests, and that this has been a problem. At the same time he avoids the libertarian notion of free banking, and suggests that a central bank at the service of public interest would require alternative views, I would directly say related to working class interests.