eflatminor
Classical Liberal
- May 24, 2011
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Central price controls are a stupid idea.
Is that why every nation on earth except maybe Monaco uses a central bank?
No, they use a central bank because it acts as an ATM machine for entitlement programs and wars. Imagine if politicians had to actually PAY for their programs before putting them into law. We'd have a lot less debt for future generations and a lot fewer entitlement programs you Conservative rightly despise.
Lastly, it would not be "every nation on earth" that uses a central bank that is of concern, but only those nations that actually print their own money. It's when central banks print money on demand and attempt to control the price of money that we object.
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