Criminalizing Central Bankers Threatens Democracy

Prosecuting or criminally targeting central‑bank officials for routine policy decisions (e.g., setting interest rates) converts monetary policy into a political weapon and undermines a key institutional constraint on short‑termist, politicized macroeconomic management. The tactic chills independent technocratic decision‑making and makes inflation‑management a partisan gamble rather than a technocratic task. — If deployed, criminal actions against central bankers would destabilize macroeconomic governance, raise inflation and financial‑stability risks, and erode democratic checks that protect ordinary citizens’ livelihoods.