Message from @Koninos
Discord ID: 531941382508773402
"Couldn't compete with"
state run bank WITHOUT INTEREST
that'll fix everything
So in the media of the day, Germany ended up being portrayed as the main opponent of WWI.
You mean apart from the fact that Britain had higher trade percentages in Europe than Germany?
But let's not get into that
Stop talking out your ass lmao
Interests in jew garbage take it away
Which year are you talking about Scoopy
Literally all of them up until 1914
Provide evidence?
Are you really gonna make me dig my shit up
Fine
But you haven't provided anything either
You decided to join this debate
¯\_(ツ)_/¯
This man explains it quite well
Fuck banks
CB under Government.
I agree ^
As Phalanx said, it will control inflation at reasonable levels and consequently increasing internal economic development.
No central Jew bank
Kill em all 1939
You all are assuming too much.The government controlling the bank doesn't imply anything about how it will be ran. How are you gathering it'd be anymore rational? Are you implying central banks aren't already rational? Inflation is necessary to the economy, sometimes it needs to be less, sometimes it needs to be more. Inflation has been more-or-less reasonable across the West for decades and decades. All of our economies are stable. The US has been doing the best and the Fed is private. Am I saying privately controlled is better? No, but it just shows it doesn't mean too much -- at least the way the question is framed.
Some people like to point to US inflation, but the US dollar has been the strongest currency for over half a century, even if it's not the highest valued.
There are plenty of instances where the government irreparably screws up the economy.
Abolish the FED
it shouldn’t exist
Interest rates should be controlled by the free market
and the FED has caused almost every recession
@Diadochi wrong, inflation does NO good to an economy
Inflation is taxation without legislation
yes i agree
Imagine thinking 330,000,000 US citizens should be squandering over the same amount of money 2,500,000 used when the US started
Imagine not understanding expansionary monetary policy
yes that’s fine
And expansionary policies cause recessions
we’ve seen this throughout history
Inflation is no good for an economy
Keynesian lies once again
You know there is a reason that double digit inflation hasn't been a thing in a long, long time, right? Because economists realized Friedman was right. So, I agree to an extent. But I still think an economy should be somewhat managed