Why would it be problematic for a central bank to have a primary goal of maximizing economic growth?

1. Overemphasis on Growth: If a central bank's primary goal is to maximize economic growth, it may overlook other important aspects of the economy such as inflation, unemployment, and financial stability. This could lead to an imbalance in the economy.

2. Inflation Risk: Economic growth is often associated with inflation. If a central bank focuses solely on growth, it may allow inflation to rise to unhealthy levels. High inflation can erode purchasing power and create uncertainty in the economy.

3. Short-term Focus: Maximizing economic growth often involves a short-term focus. This could lead the central bank to implement policies that boost growth in the short term but are detrimental in the long term.

4. Financial Stability: A singular focus on economic growth could compromise financial stability. For instance, the central bank might keep interest rates too low for too long in an attempt to stimulate growth. This could lead to excessive borrowing and risk-taking, potentially resulting in financial crises.

5. Income Inequality: Pursuing maximum economic growth could exacerbate income inequality if the benefits of growth are not distributed evenly. This could lead to social and political instability.

6. Sustainability: Lastly, a relentless pursuit of economic growth might lead to unsustainable practices, depleting natural resources and causing environmental damage.

In conclusion, while economic growth is important, it should not be the sole focus of a central bank. A more balanced approach that also considers inflation, unemployment, financial stability, income equality, and sustainability is likely to result in a healthier and more stable economy.