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  • rmacculloch

Our Populist Central Bank

One of the primary features of "populism" is a distaste of elites, which often includes academics and intellectuals.

On that note, the RBNZ just issued a Press Release on its' "Senior Leadership Team Structure". Apparently this group has been put in place to achieve the "Bank's Vision" being "Great Team, Best Central Bank".

Of the seven people listed on the link below, the majority have never studied economics. And one of the few who has is leaving. Not one has had an academic career. Is that typical of leading Central Banks? No, its the exception, rather than the rule. And populist leaders often refer to how they are going to make things "great (again)".



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