Experience in this country and abroad suggests that independent central banks are better at fighting inflation than are politically controlled banks.

Question

Quizplus · Accepted Answer

This statement is generally supported by economic research and experience in many countries. Independent central banks, less subject to political pressure to manipulate interest rates or money supply for short-term political gain, tend to have better success in controlling inflation over the long-term.

Experience in This Country and Abroad Suggests That Independent Central