Do We Still Need Central Banks Controlling Inflation and Interest Rates?

May 3, 2017 3:54 pm |

As central banks continue to play an increasingly large role in the post-recession economy, driving forward sometimes controversial monetary policies, it’s easy to wonder – what was their purpose in the first place? Have they lost the original plot? Perhaps most importantly, as the world anxiously awaits the May 3 Fed announcement, how did a group of academics come to have so much power over the global economy?