central banks today have much too much power

I believe that central banks today have much too much power. Basically central banks are run by bureaucrats, mostly academics. They have studied at nice universities and so forth, they crunch numbers. 99 percent never worked in the private sector. And to these people you give the largest authority to run the world - monetary policies. That I will never understand. - See more at: http://www.marcfabersblog.com/#sthash.wsGoEs6x.dpuf

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.