by The Economist reported about the history of central banks and their independence. One snippet: Typically, Richard Nixon took the bullying furthest, leaking a false story that Arthur Burns, Martin’s successor, was demanding a 50% pay rise. Attacked by the press, Burns retreated from his desire to raise interest rates.
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Dirk Niepelt considers the following as important: Central Bank, Federal Reserve, Independence, Notes
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The Economist reported about the history of central banks and their independence. One snippet:
Typically, Richard Nixon took the bullying furthest, leaking a false story that Arthur Burns, Martin’s successor, was demanding a 50% pay rise. Attacked by the press, Burns retreated from his desire to raise interest rates.