Central bankers are used to getting their way. They set the tempo of the economy. They can move markets whenever they choose. And they’re the people everyone turns to during a crisis. They have the power to heal a broken economy, or wreck a healthy one. Cental bankers’ power derives from their control of base money. They’re the only ones who can make it. Commercial banks need base money in order to issue regular money to the rest of us. By manipulating the supply of base money, central bankers can get more “help wanted” signs in windows, or tamp down…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.