Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Rick Santelli Slams Central Bank Intervention For "Taking The Voters Out Of The Game"

"Central Bankers have moved from being 'nudgers' on monetary policy to basically managing fiscal policy," warns Rick Santelli, adding that "in the West, it's now basically the same." As Santelli points out so accurately, the central bankers have admitted as such, noting "they have to dabble in that direction because nothing can get done in 'politics'" in the US or Europe "for the people - the voters." What this has done, Santelli chides calmly is "take the voters out of the game." Simply put, he blasts, "if central banks hadn't had such a large foray into politics, politicians would have had to sink or swim on the merit - or lack therein - of their policies... that weren't creating the growth." He concludes ominously that the 'spread' between central-bank-inspired "stability" and real-world fiscal-policy-inspired "growth" has never been wider.