There is certainly a case to be made against central or reserve banking and the industrialised world needs to do much better. And the central banks undeniably plaid a big role in the disasters of the 20th c. The trouble is that without them you can run into terrible trouble.
And the conspiracy theorists invariably get it all wrong, as d…
There is certainly a case to be made against central or reserve banking and the industrialised world needs to do much better. And the central banks undeniably plaid a big role in the disasters of the 20th c. The trouble is that without them you can run into terrible trouble.
And the conspiracy theorists invariably get it all wrong, as do many critics. Central banks are instruments of state power.
IMHO informed, analytic, historically literate and balanced views on central banking are very rare. The bullshit on the subject is just incredible.
It would not be. The truths would be way too sensitive: the BIS, the old London Gold Pool, capital flight, the use of the Basel Accords to prop up the US bond market. There are apparently still some files on Bretton Woods that remain off limits to historians...my guess is that they may well relate to capital flight during the war. None of it is fit to be discussed in polite company.
Central banks are the great unacknowledged strategic assets of TurboAmerica.
There is certainly a case to be made against central or reserve banking and the industrialised world needs to do much better. And the central banks undeniably plaid a big role in the disasters of the 20th c. The trouble is that without them you can run into terrible trouble.
And the conspiracy theorists invariably get it all wrong, as do many critics. Central banks are instruments of state power.
IMHO informed, analytic, historically literate and balanced views on central banking are very rare. The bullshit on the subject is just incredible.
Central banking is not even studied at economics departments of many universities.
It would not be. The truths would be way too sensitive: the BIS, the old London Gold Pool, capital flight, the use of the Basel Accords to prop up the US bond market. There are apparently still some files on Bretton Woods that remain off limits to historians...my guess is that they may well relate to capital flight during the war. None of it is fit to be discussed in polite company.
Central banks are the great unacknowledged strategic assets of TurboAmerica.