Central banks globally are tasked with maintaining price stability, typically by managing interest rates. But what if this entire approach is fundamentally flawed and the source of the very economic instability it's meant to prevent?

Economist Dr. Carmelo Ferlito, CEO of the Center for Market Education, joins us to make the case for a radical rethink of modern monetary policy. He argues that by interfering with market forces, central banks create "monetary disorder," leading to distorted investments, asset bubbles, and unsustainable booms.

We discuss:

• Why monetary policy must look beyond just price stability.

• The definition of "monetary disorder" and how it manifests.

• The argument for abolishing central bank-directed interest rates.

• Why fiscal discipline is essential for any sound monetary policy.

• The case for moving from discretionary to rule-based frameworks.

  For economists, policymakers, and anyone interested in the fundamental debates shaping our economy, this is a challenging and thought-provoking exploration of monetary reform.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan

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Categories:  economy

Tags:  central banking,  monetary policy,  macroeconomics,  economic theory,  interest rates,