An intrinsic, limited and scare non-necessity commodity such as gold, silver nor fiat money, as the unit of account, and non-globalization of macroeconomics is to blame for financial crisis. Food and Agriculture, as the unit of account, is the long-term solution for financial crisis, with complement to rules under the Rome Declaration on World Food Security.
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An intrinsic, limited and scare non-necessity commodity such as gold, silver nor fiat money, as the unit of account, and non-globalization of macroeconomics is to blame for financial crisis. Food and Agriculture, as the unit of account, is the long-term solution for financial crisis, with complement to rules under the Rome Declaration on World Food Security.
mubaraqtopeakere 4 months ago
Central banks do 2 things primarily. They reduce/raise interest rates and expand the money supply.
Both actions either cause inflation or malinvestment. Sometimes both.
A central bank with all of the tools at their disposal cannot effectively and efficiently run an economy.
A few key people guessing what the interest rate should be, when market forces are indicating otherwise, is a foolish endeavor.
A central bank leads to central planning, which inevitably leads to Fascism
BigTex1454 4 months ago 2
@BigTex1454 Indeed. Market forces tend to be right
diogotomediogo 2 weeks ago