Posted BY: J.B. Shurk

Generally speaking, central banks are empowered to control the supply of money by employing a number of tools that include buying government debt, selling government bonds, adjusting reserve requirements, and setting official interest rates.  Operating under various legal mandates to sustain an overall healthy economy, central banks ostensibly pursue policies that will produce relatively low inflation, steady economic growth, and low public unemployment.  

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What if these stated goals are merely talking points meant to justify a central bank’s continued monopoly over a nation’s creation of money, and the true objective of any central bank is to maximize wealth for the wealthiest economic players? Central banks, after all, are usually institutionally independent from government interference. They are private firms managed by the world’s financial elite. How might a central bank pursue a hidden agenda to grow the wealth of its friends at the public’s expense?

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