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>The central bank has very little power over the economy actually. I disagree. Any organization that can unilaterally set interest rates and add infinite asset
by ashwagary 4y ago
>The central bank has very little power over the economy actually.
I disagree. Any organization that can unilaterally set interest rates and add infinite assets to its balance sheet (two actions capable of moving the largest markets significantly) has tremendous amounts of control over the economy.
The vast majority of people are just unaware how much of an impact monetary policy has on their behavior.