From my experience I have learned that, without regular contact and close co-operation with the Minister of Finance the life of a central banker can become very lonely. 2.3 In many countries of the world the powers of the central bank should be reduced in order to increase the effectiveness of monetary policy.
Joined with the potent power to create money, the power also to make loans and spend money has the potential to create a malignant superpower whose actions can easily lead to financial destruction. 2.4 Wealth cannot be created by the creation of more money; poverty cannot be relieved by increasing the money supply.