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The Dissenter · 2026-03-12 · 46 min · 6,029 words

#1226 Nicolas Jabko - Technocrats in Turmoil: The Fed, the ECB, and the Changing Politics of Money

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Hello everyone, welcome to a new episode of The Decenter. I'm your host as always, Ricardo Lopes, and today I'm joined by Dr. Nicholas Jabko. He is professor of political science at Johns Hopkins University, and today we're going to talk about his latest book, Technocrats in Turmoil, The Fed, the ECB and the changing politics of money. So Dr.

Jabko, welcome to the show. It's a huge pleasure to have you one. Thank you very much for having me. So let me start by asking you, because I would imagine that not many people are familiar with this kind of topic, what is the politics of money? So it's a term that I use in my book that is often used by political scientists, but it it it doesn't, you know, it's it's a bit of a make-up term.

term and I refer to uh basically contests over how money is governed both within and outside central banks. What does that mean? Well what I found in the in the course of my research is that central bankers are independent, they're not political in the sense that they're not partisan, that's for sure. Yet there is often a considerable amount of conflict over how they should govern money. And so the book is about that.

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