Central Bank: Big Brother

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Paul Laurent Solís analyzed the anathema that has become the label “tax haven”, and remarked the role Central Banks have assumed in Central American economies, especially when they become tools for whichever government that happens to be in power.

As an example, Laurent points out that Panama eliminated its Central Bank in 1970, and how the country has since been not only safe from financial crisis, but also regarded as one of the strongest banking systems in the world.

When referring to the “fiscal paradise” label, Laurent comments: “If the word ‘paradise’ implies something wonderful, why mentioning it on these topics is almost as referring to its antipode: hell?”.

Source: Acrata.org