Quote:
Originally Posted by Torture
OK I'll bite. It is not instantly obvious to me why Carney's time as a central banker in 2008-2013 (over a decade ago, under Harper) and afterwards, for the Bank of England is a conflict of interest to run for Prime Minister. Explain.
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If Central Banking is perceived as a pathway to the highest offices, then it will distort the incentives for future central bankers. The central bankers are supposed to be independent of the politicians. If they lose that independence, even if it means from future political aspirations, then it would have two negative consequences. First, it may impact their policy decisions, and two it would reduce the faith in the independence of the central bank. Some semblance of independence is central to a central banks ability to function.