economy

January 9, 2026

Spasiti novac od političara

I ovog puta na prelazu dve godine predsednik države izigravao je Deda Mraza.

Spasiti novac od političara

TL;DR

  • Serbian president's pre-New Year's promises of increased pensions, salaries, and state investments are characterized as populist 'gifts' without underlying productivity.
  • This approach is predicted to fuel inflation, which is described as a 'tax on gullibility', with wage and pension increases being short-lived.
  • The article criticizes the Serbian central bank's perceived subservience to the president's political ambitions.
  • Global trends show increasing political interference in monetary policy, exemplified by the US president's actions towards the Federal Reserve.
  • The COVID-19 pandemic amplified political influence over money creation, contributing to historically high inflation worldwide.
  • This has led to questioning the paradigm of central bank independence and their ability to control inflation when subject to political control.
  • The article contrasts the 'depoliticization of money' argument, referencing Adam Smith, with the 'socialization of money' discourse that advocates for central banks to serve broader societal goals.
  • Populist leaders exploit the 'socialization of money' to control segments of the citizenry through the misuse of money, leading to inflation.
  • The author calls for depoliticizing money and limiting the state's monopoly on its issuance to combat inflation.

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