|
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----------- Alhambra YouTube: https://bit.ly/2Xp3roy Emil YouTube: https://bit.ly/310yisL
---------HEAR IT---------- Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart: https://ihr.fm/31jq7cI TuneIn: http://tun.in/pjT2Z Castro: https://bit.ly/30DMYza Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Pandora: https://pdora.co/2GQL3Qg Breaker: https://bit.ly/2CpHAFO Castbox: https://bit.ly/3fJR5xQ Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB PlayerFM: https://bit.ly/3piLtjV Podchaser: https://bit.ly/3oFCrwN PocketCast: https://pca.st/encarkdt SoundCloud: https://bit.ly/3l0yFfK ListenNotes: https://bit.ly/38xY7pb AmazonMusic: https://amzn.to/2UpEk2P PodcastAddict: https://bit.ly/2V39Xjr
----EPISODE #64TOPICS---- 01:08 Central bank mission creep is a result of their failure at the original job: manage money 04:38 When and why were central banks given independence and assumed a political detachment 07:14 Both governments and central bankers have taken an expansive view of the latter's mission. 08:06 Politicians do not want to tackle difficult issues, shirking their duty to central bankers 11:30 A central bank's original mission is money - not employment, not inflation.
--------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
---------WHO----------- Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski. Art by David Parkins. |