Stop Worshiping Central Banks

By Anis Chowdhury and Jomo Kwame SundaramSYDNEY and KUALA LUMPUR, Oct 18 2022 (USNewsRank)
Preoccupied with enhancing their own ‘credibility’ and reputations, central banks (CBs) are again driving the world economy into recession, financial turmoil and debt crises.
Wall Street ‘cred’
Most CB governors believe ‘credibility’ is desirable and must be achieved by fighting inflation at any cost. To…