Alexandra Beekers 🏳️🌈🌍“Central #banks were granted #independence on the assumption that technocratic management would deliver stable #prices. The last five years have exposed the fragility of that assumption.”
#PriceStability #DNB #ECB
https://www.taxresearch.org.uk/Blog/2026/05/20/central-banks-failed-on-inflation/
#PriceStability #DNB #ECB
https://www.taxresearch.org.uk/Blog/2026/05/20/central-banks-failed-on-inflation/
Central banks failed on inflation
Central banks claim they defeated inflation by raising interest rates. The evidence suggests otherwise. In this video, I look at seven major economies, including the UK, USA, Eurozone, Canada and Australia, and show why inflation was largely driven by supply shocks, not excess demand. I also explain why inflation was already falling...