My elderly mother asks me why her savings account pays nothing while everything gets more expensive, and I cannot explain our monetary policy in a way that does not sound like we are stealing from savers.
More people experience this than they realize.
The challenge of justifying complex institutional decisions to loved ones reveals potential contradictions between policy and common-sense morality.
“Where Are You with Central banks and monetary policy?”
If this sounds familiar, the Library can help you find the bigger picture.