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The second paragraph on Wikipedia: Central banks in most developed nations are institutionally independent from political interference. https://en.wikipedia.o
by jcbrand 4y ago
The second paragraph on Wikipedia:
Central banks in most developed nations are institutionally independent from political interference.
https://en.wikipedia.org/wiki/Central_bank https://en.wikipedia.org/wiki/Central_bank
- Seriomino 4y agoYou used 'privately owned' to indicate it being shady.
- qsort 4y agoThe paper linked in the Wikipedia citation for that line has the following in its abstract: "The governance of central banks has two dimensions: corporate governance and public governance. Public governance is an institutional framework whereby the general public governs a central bank by and through the legislative and executive bodies in a country (...)". "Independence of the central bank" means independence from direct intrusion by the executive branch, in the same sense the judiciary is independent from political interference.
- jameshart 4y agoSo, generally, are courts, police and civil servants. That doesn’t mean that those are not government institutions.