from The Daily Bell:
Trump Shouldn’t Bully the Fed … U.S. President-elect Donald Trump repeatedly criticized Federal Reserve Chair Janet Yellen during his campaign. British Prime Minister Theresa May has questioned the Bank of England’s recent actions, for a while putting Governor Mark Carney’s tenure in doubt. The long-cherished principle of central-bank independence seems to be under attack. – Bloomberg
The mainstream media is up in arms over “fake news” but the reality is that almost everything the mainstream reports is in a sense fake. Global warming is fake. Vaccines do not work as advertised. Central banking is fake too.
On and on. Truth has been overtaken by propaganda. We call these fake notions “dominant social themes.” They are inevitably intended to reinforce the idea that a very few must have control over the many.
Central banks fix the volume and value of “money” – and price fixing inevitably creates disasters. But you will never find this simple fact stated in almost any mainstream media article about central banking.
This Bloomberg article is no exception. Seldom do we see all the fallacious reasons for a central bank gathered together in one short editorial, but Bloomberg has done us this favor.
In this case, Bloomberg is trying to justify why central banks should be “independent.”
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