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Transcripts for CNN CNN Newsroom With Carol Costello 20150824 14:23:00

navigate a world in which the advanced country politicians aren t stepping up to the economic governance responsibilities. i d like to jump in this is alison kosik on the set as well. is there a lesson in here for central banks because a lot of this i think, and tell me if you agree or not, a lot of this is driven by central banks stepping in to prop up economies. yeah, we should feel sorry for central banks because starting from 2010 when they realized that other policymakers were paralyzed by political dysfunction, they stepped in to buy time for the system to heal, and they were hoping to hand off to the politicians, but the politicians didn t respond, so they got in deeper and deeper using untested instruments and getting more and more uncomfortable. central banks stepped in for good reasons but they made asurchss, that they would hand off to reasonable politicians and that has not materialized as

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