I find it quite normal and understandable that a person may come up to me in the streets of Čačak, Novi Sad or Belgrade and ask me why the National Bank of Serbia has only one objective and why this objective is “to achieve and maintain price stability” and not “to achieve growth and development, higher employment rates, exports, etc,” or why it is that the NBS needs to sterilize excess money and how it finances this sterilization.
But when such questions are raised by “economists” and “experts” – well, that is a cause for much concern! I get the feeling that these people are trying to ignore a very valuable experience from the 1970s and 1980s.