India Sheds Central Banker Rajan, Revs Up Monetary Printing Presses

STAFF NEWS & ANALYSIS

India Sheds Central Banker Rajan, Revs Up Monetary Printing Presses

By Daily Bell Staff – June 20, 2016

El-Erian: Raghuram Rajan’s departure is bad news, and not just for India … Saturday’s announcement that Raghuram Rajan would not serve a second term as governor of the Reserve Bank of India, the country’s central bank, is bad news. -Yahoo

It is bad news, according to Yahoo, because the next central banker in charge of the central bank of India will print more money than Rajan did.

Of course, central banks ultimately ruin the economies they are supposedly trying “guide.”

But this Yahoo article is typical of central banking coverage.

There are either “good” central bankers or bad one. Central banking itself is simply a given. It exists like sky, earth or water.

It is the central banker himself who can make the difference.

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