The world’s central banks have chosen ‘class war over financial stability’

Often overlooked is that central banks are quite limited in their toolsets.

Our elected politicians are mostly letting us down by not having the spine to raise taxes to pull excess money supply out of the system without shifting more of the burden of inflation onto the majority.

With the amount of absolute financial power they wield and the privileged access to levers of government that they do have, I remain skeptical that they'd be unable to cause taxes to be raised if that's what they really wanted. But they don't want that, the powers they serve never want that, so it won't happen.

As a way of example, look at all the pre-conditions imposed on weaker economies in the name of "austerity" by central banks of larger nations. Taxes for you good, taxes for me bad.