Profiles

Antony Mueller asks: Are central banks up to their job by now?

Price stability is a misleading and an inherently contradictory concept. When such a construct as the price index becomes the guiding post for central banks, they will tend to produce and reinforce the very instabilities they proclaim to fight.

Under Alan Greenspan's rule at the Fed, the function of the central bank as a bailout institution has experienced a new golden age, writes Antony Mueller.

Cast aside all the trumped up claims concerning the power of the central bank to achieve price stability, writes Antony Mueller.