Creative central banks

This from Business Week – Why Central Banks Are ‘Experimenting’:

When is the last time “central banker” and “creative” appeared in the same sentence? The conservative guardians of the world financial system aren’t exactly known as renegades, but the global credit crunch that originated in the U.S. housing market is forcing them to try things they’ve never tried before.

The rush to the creative economy has begun!
Some are concerned with this trend:

Bert Ely, a banking consultant in Alexandria, Va., who’s known for his irreverent declarations, puts it differently: “These guys are flying by the seat of their pants.”

But as those in the creative fields know, flying by the seat of your pants is the standard modus operandi.

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