Central banks are creatures of the capitalist market economy, says Rasmus, more specifically creatures of the high period of Industrial Capitalism and the establishment of the capitalist state,
a period that ended during the 1970s. He describes how the global financial system has changed since the 1970s and been restructured in fundamental ways, and how central banks have not adapted
successfully to those changes and restructuring. A major theme is that the failing performance of central banks and of the monetary policy they manage are not only failing to stabilize the
economy in the long run, but are in fact increasingly destabilizing the economy. Annotation ©2017 Ringgold, Inc., Portland, OR (protoview.com)
