From Princeton University Press
Unelected Power
The Quest for Legitimacy in Central Banking and the Regulatory State
By Paul Tucker
Central bankers pull the regulatory and financial levers of our economic well-being, yet unlike democratically elected leaders, their power does not come directly from the people. Unelected Power lays out the principles needed to ensure that central bankers, technocrats, regulators, and other agents of the administrative state remain stewards of the common good and do not become overmighty citizens.
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