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financial stability. These important societal functions have been outsourced to economic experts, with the bank employing two hundred economists in total.21 There have been similar developments elsewhere in the world. Independent CBs are present in the US, Japan, Australia and most starkly in Europe in the form of the European Central Bank, which is completely unaccountable to the democratic wishes of particular Eurozone countries. In an incredible turn of events in Italy in 2011, a coalition of technocrats headed by the economist Mario Monti Econocracy  13 was sworn

in The econocracy