Ambrose Evans-Pritchard is always an excellent read. However, I had to take issue with him today on the subject of “central bankers”:
Forgive me for disagreeing with your emphasis.
The debt crisis has been caused by GOVERNMENT OVERSPENDING of money they HAVE NOT GOT.
It is NOT the fault of Central Bankers; nor of ratings agencies, the Anglo-Saxons, the banks, or anything else.
I would prefer a headline:
“Government should be brought to heel by elected parliaments.”
However, the latter are craven, short-termist, greedy and unconscionable, so maybe we even need the headline:
“Government should be brought to heel by the people, through direct action if the former are incompetent to do it.”
To put it another way, GOVERNMENTS run the country, NOT Central Bankers, who should therefore ALWAYS do what they are told by the law-making institution.