on BI governor

OK, I've been restraining myself for commenting on this issue. It's just too political, too cheap, and at the same time embarrassing. But I'll vent out what I recently had in mind, so I'll die in peace if the world ends next week.

First, we want a central bank governor who of course, unlike me and most economic commenters, knows monetary and banking theory. We don't want an agronomist or political scientist for that position. We don't require somebody with vast experience as a chief or head or director of some institute or organization or even a big bank. Experience does not matter much. Knowledge does.

Second, we want him/her to be unapproachable, anti-social, or in short: towering figure who doesn't speak much. We don't want him to appear giving statements every day in newspaper or television. That's a job for information minister, not a BI governor. Our governor should just appear rarely only to lead the market. He or she should the one who set people's expectation, not the other way around. He or she should say we want an inflation of X percent next year and the year after. And he/she will do anything to meet that, no matter what. If needed, he or she can forget about other macro stuff. Just set an inflation target and meet it. Don't play too much with credits for SMEs or things like that. They have ministers for that.

Third, we want a BI governor who can say NO -- to the President, MoF, or to DPR people.

I guess we don't have that person, after all. Damn.