Europe is over (central)banked: BofE employs 4,502 staff. Bank of Japan 4,636. Fed system has 21,181 in total. The Eurosystem employs a staggering 48,509. 10k each at Bundesbank and Banque de France.https://t.co/WWsT8FDHU0 pic.twitter.com/6HfiHCNbhA
— Adam Tooze (@adam_tooze) February 24, 2020
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