Book notes: Balance of power: central banks and the fate of democracies, by Éric Monnet and translated by Steven Rendall
This short book offers partial insights, but ultimately underwhelms
Éric Monnet, Balance of power: central banks and the fate of democracies, translated by Steven Rendall, The University of Chicago Press, 2024, 203 pages
No paradigm is forever, no dogma has eternal validity. This is true even for such an entrenched notion as the political independence of central banks. It is, therefore, quite reasonable to discuss how central banks are embedded in the governance framework of modern democracies. That is what the French economist Éric Monnet sets out to do in this
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