Trump’s attacks on the Fed aren’t unique. Central banks worldwide are under attack
Fareed Zakaria writes: Around the democratic world, there is a power struggle taking place that might end up being the most damaging and long-lasting consequence of this era of populism. Elected leaders — from President Trump to Turkey’s Recep Tayyip Erdogan to India’s Narendra Modi — have been steadily attacking the independence of their nations’ central banks. This could end very badly. A brief history of modern central banking. As the Economist points out, politicians in the 1970s would routinely…