Can you outline a scenario in which there exists no central bank?
While everything you have said is true, I feel as though there exist giant icebergs gliding silently past your watertight steel hull.
While everything you have said is true, I feel as though there exist giant icebergs gliding silently past your watertight steel hull.
I really don’t know what the second part of your comment is getting at though...
I was pondering at the idea that central banking or any regulation of capital flow in society is a strange topic. Central banks are these organizations - people dressed in suits, they have office chairs and receptionists - but this window dressing as corporation or government office distracts us from what is a very strange topic. You have this complex network represented by a number. What is being said by this? That the Federal Reverse is economic homeostasis and the interest rate represents the equilibrium?
Half the time I think central banks make sense and the other half of it I think everybody must be insane. Seems like we could use the rationale for central banking to perform other activities, like population control. Nobody makes the case for something like that but how is it crazier? They're different forms of capital, right?
The topic is much more mysterious than you're allowing for!