Dash on Nostr: Don't think it's by design. I think the central bankers are just like the temple ...
Don't think it's by design. I think the central bankers are just like the temple priests of old. They just need to manage their image as people in control of events when in reality 99% of their energy is dedicated to image management to react to situations in a way that supports the illusion they are in control. In that sense they are just winging it day-to-day. They don't necessarily need the economy to go well. They just need people to believe/think that whatever happens a)it wasn't the central bankers' fault and b) the central bankers are the best people to navigate the situation going forward. It's a job almost 100% about maintaining an illusion, I would say.