Nickolai Hubble

Nickolai Hubble

Do central bankers rule the world, or serve their masters?

25 November 2021
Governments are now so overindebted that they rely on their central banks to finance them.

But who is in charge of that relationship?

On the one hand, central banks seem to have lost all their independence and appear to be mere extensions of government treasuries. They are forced to extend financing to government, or risk triggering a sovereign debt crisis…