Tuesday, April 23, 2024 | 13:15 WIB

Bank of England, losing credibility

J. Soedradjad Djiwandono
J. Soedradjad Djiwandono, Emeritus Professor of Economics, Faculty of Economics and Business, Universitas Indonesia, and Adjunct Professor of International Economics, S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University (NTU), Singapore.

Final note 

Well, I do not know how many of you find American politics as fascinating to follow, but I imagine some do. I always enjoy following the developments of campaigns and competition between candidates from both parties, all with their characters, good and bad. Ultimately, we see that politics are similar in every country: good judgments run alongside poor, even nonsensical ones, and nowadays there are hoaxes and heats as well. This must be human nature that exists globally. See for example the competition between two Senatorial Candidates in Pennsylvania, Lieutenant Governor John Fetterman and popular television program host and owner Doctor Oz, with an endorsement from former President Trump. Despite the health issue, where the Lieutenant Governor suffered a stroke, yet still he won. Even less dramatic, a similar thing happened with the Runoff Election for Georgia Senator, between incumbent Senator Raphael Warnock and Herschel Walker, the counting showed one and then the other taking a lead, but finally incumbent Senator Raphael Warnock won. As a distant observer, I kept thinking that the incumbent clearly has better qualifications than his competitor. Herschel Walker is a carpetbagger; yes, he has a Heisman Trophy in his pocket which he acquired in his college days in Georgia, but he also has many scandals, married four times previously with children from each, two of his former wives claimed publicly that Walker asked them to have abortions and he paid the cost. That should not be a problem, but as a candidate he wants to show that he upholds a conservative stand on abortion, meaning being against abortion or “pro-life”, and for a national ban on abortion in all cases. One of his companions also claimed that he was abusive. Raphael Warnock, meanwhile, has no scandals to hide and is a pastor of the Southern Baptist Church, where Reverend Martin Luther King used to lead. What a choice: ultimately, he won by 95 thousand votes.

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