Monetary Transparency as Epistemological Justice

Epistemological justice—the right to be recognized as a knower—is violated when central banks keep monetary operations secret or incomprehensible. Yacob's philosophy of reason demands that people can understand the systems governing their economic lives. When central bank decision-making remains opaque, citizens are treated as incapable of rational judgment about their own interests, a dignity violation Yacob would condemn. Transparency serves justice by enabling rational debate about monetary tradeoffs: inflation versus employment, growth versus stability, debtor versus creditor interests. Without transparency, people cannot exercise reason about systems affecting their survival. A central bank practicing epistemological justice would explain quantitative easing, interest-rate decisions, and money creation in terms accessible to educated citizens, treating them as rational agents deserving to understand decisions affecting their lives. This transforms monetary policy from technocratic rule into democratic deliberation grounded in shared understanding.