In the aftermath of the worst financial crisis since WWII, central banks are once again being called on to monetize securities issued by some debtors, but not others. That task of selecting between debtors is highly political, and poisons the idea of monetary stability.
但这个观点如今正遭受着最强烈的质疑。在应对二战后最严重的经济危机之时，中央银行再次被用来将某几个欠债者所发行的证券货币化，而其他欠债者则被晾在了一边。拯救哪些欠债者的决定受到了政治的极大影响，并腐蚀了货币稳定的理念。