A central bank exists to prevent the government from printing money at will and ending up like Zimbabwe.
I've read lots of so called "conspiracy theories" on banking, I know how quantitative easing works, I know how fractional reserve banking works. I'm not clueless.
But none of these conspiracies have ever described exactly how the monetary system should work.
Friedman I think proposed a fixed interest rate and a constant and steady expansion of the money supply, Rothbard proposed private money in competition... But neither are very convincing.
Well done, pede. Watching Trump's speech tonight was like a healing salve. He's going to save the Republic. I would die for that man.
God bless President Donald J. Trump.
I agree. Mount Rushmore awaits that Patriot's mug!
Mt. Rushmore inbound.
And what is the alternative?
A central bank exists to prevent the government from printing money at will and ending up like Zimbabwe.
I've read lots of so called "conspiracy theories" on banking, I know how quantitative easing works, I know how fractional reserve banking works. I'm not clueless.
But none of these conspiracies have ever described exactly how the monetary system should work.
Friedman I think proposed a fixed interest rate and a constant and steady expansion of the money supply, Rothbard proposed private money in competition... But neither are very convincing.
This.