The real reason why central-bank independence tends to create a democratic deficit under a multi-target monetary-policy regime, and why it has become increasingly vulnerable, is that the two main arguments in favor of it no longer apply.
为何在多重目标货币政策机制下央行独立性会产生民主赤字？为何央行独立行越来越受到人们的抨击？真正的原因是两大支持央行独立的理由不再适用。