LibraryScenariosHow central bankers handle the personal cost of policy decisions
Scenario

How central bankers handle the personal cost of policy decisions

I have been voting to raise interest rates to fight inflation, but I know it will put thousands of people out of work including my own nephew who just got his first job.

Zera
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More people experience this than they realize.

What we've seen

The abstract necessity of policy choices becomes concrete through personal relationships, creating painful moral complexity.

Ideas that help explain it
Worth thinking about

“Where Are You with Central banks and monetary policy?”

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