Disputes Between The Bundesbank and The Government
The statutory independence of the central bank guaranteed by the Bundesbank Act does not ensure that there will be no disputes between the central bank and government.
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“... until both employers’ and workers’ groups assume responsibility for chastising their own recalcitrant children, they can vainly bay the moon about “ignorant” and “unfair” public criticism. Moreover, their failure to impose voluntarily upon their own groups codes of decency and honor will result in more and more necessity for government control.”
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