In an argument with two real economists we get Spuddo saying:
But what that means is three things. First, in Simon and Jonathan’s view economic policy is being run for the sake of economic policy. Its aim is to restore monetary policy. Second, that means the aim is to put bankers back at the heart of economic policy, and not people. And third, the aim is to restore finance as the constraint on activity instead of that limit being the available resources within the economy i.e. the goal of establishing full employment.
If we get to full employment then interest rates will be able to rise to the time value of money. Instead of being artificially suppressed below that as at present.
This is putting bankers at the heart of the economy?