The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
Ben BernankeRead
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The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
I now realize that I am a gay man before anything else. Other gays may think they're a Jew first, or black, or a banker, but I'm gay.
A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.
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