Former central banker Paul Tucker is the chair of the Systemic Risk Council, a Fellow at the Harvard Kennedy School, and author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State. 


Central Banking and the Rule of Law

Cato Journal, Spring/Summer 2020
Most discussions, and especially justifications, of central bank independence are expressed entirely in the language of economics. I wrote Unelected Power partly because I think that is not remotely sufficient for finding a proper place for these institutions in healthy constitutional democracies. CLICK HERE TO READ THE FULL ARTICLE