Concerning Cash Fetishism and Today’s Positioning of the Central Bank

Topicality of the article is stipulated by the necessity to position correctly the institution of the central bank within the frames of today’s monetary system. The article is specific due to its inter-disciplinary character. The author raises questions both of metaphysical and economic nature. Metaphysical questions are connected with the problem of cash fetishism, which has become a new global religion, within the frames of which capital is worshiped. Economic questions deal with the development of the central bank and its current positioning. Therefore, research subjects in the article are: on the one hand, capital and on the other hand, the central bank that forms the core of the banking system. The goal of the research is to find scientifically justified answers to questions about the role of capital in human life and today’s status of the central bank. Unusual conclusions made on the basis of research findings include the warning against fierce capital worship and substantiated necessity of deep transformation of the institution of the central bank. The author used such methods of research as systemic analysis, deduction, method of logical and historic unity and some others.