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Politics and Central Banks

Politics has always weighed heavily on decision making in nearly every arena. However, our central banking system, and those of other countries, have made an effort to insulate financial policy making from the political passions of the day. They also seek to utilize some of the best available minds to address the inherent instability of capitalist systems. Recent efforts to politicize the Federal Reserve system are worrisome and the article below (click on the image) by Fareed Zakaria is an interesting commentary on the global drift to populism and the "assault" on central banking systems around the world.

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