1) Why doesn't the US have a central bank? We have the Fed, but that's not an instrument of monetary policy, inasmuch as it has NO de facto accountability to the Exectuive or Legislative branch, and it really isn't a government entity at all. The fed does what suits its members, no matter whether those decisions might, partculalrly in the long run, but counter to broader social interests. (Equilibrium is an admirable goal, but it's only admirable fo so long.
2) What is industrial policy in a post-industrial world? in the US, I think it's defined as tax policy, and that is totally the wrong instrument.
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