Discretion in the conduct of monetary policy has two problems. The first is that it does not limit incompetence and abuse of power. When the government sends police into a community to maintain civic order, it gives them strict guidelines about how to carry out their job. However no such rules are provided by teh central money managers such as central bankers.
Details
- Publication Date
- Jun 26, 2013
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
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- By (author): Homework Help Classof1
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