Paul Tucker is a 33-year veteran of the Bank of England where he served as both a member and deputy governor of the Monetary Policy Committee.\xa0 Currently, Paul is a senior fellow at Harvard and a chair at the Systemic Risk Council. He has also recently authored a book, *Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State* and joins the show today to discuss talk about it. David and Paul also discuss central bank independence and justifications for the existence of a regulatory state as well as Paul\u2019s \u201cprinciples for delegation\u201d criteria.
\xa0
Transcript for the episode:\xa0https://www.mercatus.org/bridge/podcasts/03252019/paul-tucker-central-bank-independence-and-unelected-power
\xa0
Paul\u2019s website: http://paultucker.me/
Paul\u2019s Harvard University profile: https://ces.fas.harvard.edu/people/001970-paul-tucker
\xa0
Related Links:
\xa0
*Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State* by Paul Tucker
https://press.princeton.edu/titles/11240.html
\xa0
David\u2019s blog: macromarketmusings.blogspot.com
David\u2019s Twitter: @DavidBeckworth
Chapters:\xa0
00:00:00-Intro
00:00:22-Skip Intro
01:02:26-Outro