Whatever the economic question, central bankers aren’t the answer
European Central Bank governing council member Benoit Coeure to MNI today:
"European needs innovation; the ECB can’t provide this."
It’s not just a European thing but everyone infatuated with the idea that central bankers can do something for the economy. We’ve already gone deep down the central bank wormhole over the past 7 years into dangerous, experimental policy while politicians are repeatedly let off the hook.
