This site spends little time discussing and analyzing central banks’ policies. Some of the media's preoccupation with central banks reflects an ideological endorsement of command and control SLL does not share. There are people, mostly well-educated, who actually believe that economies with millions of producers, consumers, and businesses, engaging daily in billions of transactions, can be directed by a group of central bank bureaucrats manipulating short-term interest rates and exchanging the government’s debt for their own fiat debt. Historically Efficacious Government and Central Bank Control of Economies is an even shorter book than The Humility of Donald Trump. The titles of both are longer than the contents, but while faith in central banks waxes and wanes, it never dies. Some of the preoccupation is journalistic and analytical laziness: it’s easier to speculate and report on central bank statements and policies than it is to determine what’s actually going on with an economy.

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