Should central banks be independent? | CNBC Explains

Donald Trump isn't the only leader complaining about central bank policies. Italy, India, Turkey and Argentina are just a few of the countries seeing leaders pushing back against central bank independence - and some are succeeding. CNBC’s Silvia Amaro walks us through the events that led to central banks gaining their independence and whether that autonomy could be at risk.

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#CNBC #CentralBank #Economics

[alexkwok]

YES ! The authority to print money should be separate and independent from the authority to spend money !

[hanhan]

in democratic countries, government often have election pressure which makes them more short-term focused. In such case, the long-term goal of central banks does not match the president's goal.

[dosagim]

Government should have control over its money at least. US government asks fed to print money and pays interest on that money. Fed just creats money out of thin air and get paid interest. Something is wrong here.
That is true for all central banks.

[rishikachutani]

Before even watching the video, in context of my country India, yes, yes, yes! For God's sake give them more autonomy!

[sudipshettynoojjis]

Central Bank of any country should be responsible and answerable to the government of the country and it's people.... How much they print and how much money they supply to the market is in their hands... And they should inform the same to people of the country...

Government and politicians should not occupy the Central Bank...

But they should be updated from Time to time as to what is happening.... 👍

[willengel]

the federal reserve bank is so independent. it is privately owned. it is a private bank operates for the benefit of itself and other banks.

[phillipii]

Reserve Bank of India used to be the freest of all the central banks but now it seems like India is becoming America.

[GreenBoiler]

Bitcoin Fixes This.
Print till the ink runs out 🤑

[pieinsky]

Commercial banks are the real problem, they print money every time they issue a loan, and no limit to how much they can lend. Why don’t you make a video explaining that and ask us if we think commercial banks should have the power to create as much money as they like?

[argentaamore]

Why do we need private Central Banks?
Governments should control them and why do we pay them interest for money they print?
And why should they bail out failed banks?
Why not have fixed interest rates of
5% on savings
8% for business loans
No need of changing rates as this only let's select few profit by manipulation

[rohitroll]

So we give central banks unlimited power? That's exactly opposite of what democracy means. Everyone should be answerable to the people. No one should be above reproach!

[zeppirl]

No. Fed is a prime example. Banks are businesses for profit not stabilty, growth and balance in economys. Central banks should be controlled by government. Problem is when government is controlled by business.

[BeastMode]

you should get rid of all of them and use Gold and Silver

[robertwilliams]

The federal reserve is as federal as federal express

[theotherside]

*Our Central Bank heads constantly get fired here in Nigeria.*

[luxushauseragency]

There's no solution which works in all cases, central banks may have similar objectives but different political landscapes.

[gael]

Central banking is a scam as constructed today. Fiat currencies are a scam.

[neetujain]

Who is here after RBI was forced to give money to government?

[garretttjordan]

No, they should be abolished. Govts shouldn’t create monopolies, especially pertaining to the MOST important factor of a free economy (money)

[jomolololo]

China has no central bank, one of the worlds largest economy