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The Dig: Private Money with Stefan Eich

Jacobin Radio

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Central Bankers Are Not Disciplined

The central bank, unlike any other entity, can just simply create money for printing zeros. It took a couple of years for actually the widepublic to appreciate this and for central bankers to come on board with us. Even up to this point, i think the fetters skirmish around the idea that they're doing anything political,. Despite the fact that they're coming up with new policy regimes that patently changes who exactly is affected by various decisions I atso it becomes increasingly harder to deny that you are engaged in a purely neutral, non distributive, technocratic activity.

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