[whakim]

One of the reasons central banks and monetary policy have taken on such a strong role over since the 2008 financial crisis is an unwillingness to have honest discussions about taxation. If we want "nice things" however you define them, it's easier to outsource the details to an amorphous central bank than actually discuss a just and equitable tax regime that can support those things.

[imtringued]

The central bank doesn't really do "inequality" in the sense that getting rid of the central bank will get rid of the inequality. It can only amplify or maintain a trend. The fact that earning money from stocks is profitable than earning money from work is something that can be easily explained by the tax system.

[whakim]

I agree with you that central banks don't have the tools to solve inequality in the long run (as you point out, the tax system and spending does). I'm simply noting that we've collectively invested central banks with magical powers because of our unwillingness to actually discuss taxation.