“Unelected Power” by former BoE Deputy Governor Paul Tucker. Our interview, and chance to win his book!

Former Bank of England Deputy Governor Paul Tucker has written a book about accountability and central banking.  Have central banks become “overmighty citizens”, with too much power and insufficient democratic input?  If so, does it matter and what can we do about it?  In an era of QE, and bailouts of commercial banks, wealth inequality has widened in most developed economies.  Did society agree that this outcome was what it wanted when central bankers “saved the world” in the Great Financial Crisis?  I think this is an incredibly important book.  In this short video I ask Paul about these important dilemmas and what democracies should do about this “unelected power”.  We’re also running a competition to win one of five copies of the book.  You’ll find the question and how to enter below.

 

[This competition has ended]

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.

Discuss Article

Leave a comment

Your email address will not be published. Required fields are marked *