The speaker discusses the challenges of evaluating the performance of Central Banking, expressing skepticism about its effectiveness as a framework. They believe that the Central Bank has done a fairly good job in the past, but made missteps in 2020 and 2021 by underestimating the impact of the quantity theory of money on inflation. The speaker feels that the Central Bank failed to anticipate the inflationary effects of the supply of money, which they consider to be a significant factor in inflation. #vizard