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If the central bank doesn't follow rules, who would trust it? The central bank's entire purpose is to put national trust into individual banks; both assuring in
by IAmBroom 7mo ago
If the central bank doesn't follow rules, who would trust it? The central bank's entire purpose is to put national trust into individual banks; both assuring investments (accounts) and establishing base (prime) loan rates.
A central bank answers directly to the government, not the judiciary. But it still answers to power, and follows established rules.
- codethief 7mo agoI'm not saying it shouldn't follow rules, I said the rules might be different. A balance sheet becomes pointless if some assets are valued at today's prices, while other assets are valued at their price from 100 years ago.