Central banks and the rights and freedoms of the citizen

When central banks act, their policies and instruments impact not only on the economy, but on people’s rights as well. For this reason, central banks depend on politics, since politics is the organization of the polity – in which central banks and people’s rights are all incorporated. The same appl...

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Main Author: Henrique Schneider
Format: Article
Language:Portuguese
Published: Instituto Mises Brasil 2018-04-01
Series:Mises
Subjects:
Online Access:https://misesjournal.org.br/misesjournal/article/view/58
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spelling doaj-b1c4578171484b38b3bd59ed0336ad762021-07-12T12:28:40ZporInstituto Mises BrasilMises2318-08112594-91872018-04-016110.30800/mises.2018.v6.5858Central banks and the rights and freedoms of the citizenHenrique Schneider0SGV; Nordakademie When central banks act, their policies and instruments impact not only on the economy, but on people’s rights as well. For this reason, central banks depend on politics, since politics is the organization of the polity – in which central banks and people’s rights are all incorporated. The same applies to an operational level: the central banks are interconnected with other institutions, for instance, the Executive Branch, economic agents and the whole economy through money, interest rates, and more recently, through “unorthodox monetary policy”. This paper examines how central banks operate pursuing the enlargement of the scope of their activities, the expansion of their means, and  their reach. The aim of this article is to highlight that, by putting into practice what has been mentioned above, central banks reduce citizens’ freedom and rights. This analysis is applied to two cases, the “unorthodox monetary policy” and the ban on cash. Given these points, the possible remedies of the expansion of the activities of the central banks will be discussed. https://misesjournal.org.br/misesjournal/article/view/58Central BankRightsFreedomUnorthodox Monetary PolicyBan on Cash
collection DOAJ
language Portuguese
format Article
sources DOAJ
author Henrique Schneider
spellingShingle Henrique Schneider
Central banks and the rights and freedoms of the citizen
Mises
Central Bank
Rights
Freedom
Unorthodox Monetary Policy
Ban on Cash
author_facet Henrique Schneider
author_sort Henrique Schneider
title Central banks and the rights and freedoms of the citizen
title_short Central banks and the rights and freedoms of the citizen
title_full Central banks and the rights and freedoms of the citizen
title_fullStr Central banks and the rights and freedoms of the citizen
title_full_unstemmed Central banks and the rights and freedoms of the citizen
title_sort central banks and the rights and freedoms of the citizen
publisher Instituto Mises Brasil
series Mises
issn 2318-0811
2594-9187
publishDate 2018-04-01
description When central banks act, their policies and instruments impact not only on the economy, but on people’s rights as well. For this reason, central banks depend on politics, since politics is the organization of the polity – in which central banks and people’s rights are all incorporated. The same applies to an operational level: the central banks are interconnected with other institutions, for instance, the Executive Branch, economic agents and the whole economy through money, interest rates, and more recently, through “unorthodox monetary policy”. This paper examines how central banks operate pursuing the enlargement of the scope of their activities, the expansion of their means, and  their reach. The aim of this article is to highlight that, by putting into practice what has been mentioned above, central banks reduce citizens’ freedom and rights. This analysis is applied to two cases, the “unorthodox monetary policy” and the ban on cash. Given these points, the possible remedies of the expansion of the activities of the central banks will be discussed.
topic Central Bank
Rights
Freedom
Unorthodox Monetary Policy
Ban on Cash
url https://misesjournal.org.br/misesjournal/article/view/58
work_keys_str_mv AT henriqueschneider centralbanksandtherightsandfreedomsofthecitizen
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