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  1. Simon Maughan says:

    WHEn the central bank is able to make the investment decisions for the economy, then the independence of the central bank will surely be over. while the politicians of germany and france may control the ecb today, how long will this state of affairs be tolerated in italy, for example, if it perceives itself to be less-favored in THE allocation of resources. how long will the fed be independent when it is making all the investment decisions in lieu of congress?

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