Wrote on the twilight of independent central banking (always a myth, but a plausible one for some time) for Jacobin.
While central bankers "may want to stay out of politics, they simply have no moves left that do not contradict the neutrality they profess."
jacobin.com/2026/05/wars...
jacobin.com
Central bank independence has been a sacred cow for the last generation in the major capitalist economies. Donald Trump’s appointment of Kevin Warsh as Fed chair symbolizes the beginning of a new era ...
