Central bankers: Smarter or better informed?

"I have always admired the unique role of central bankers. As we reflect from time to time upon reincarnation as a possible next step, I lean towards that option", writes OECD secretary-general, Donald J. Johnston in this article. Be grateful to independent central bankers, he urges, and be jealous, removed as they are from the "hurly burly" of partisan politics and other parochial issues that beset the rest of us on a daily basis.

First published by the OECD, 10 November 2003. The author, Donald

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