any other pearls of wisdom from the Mises institute you want to share?
i think gold is a terrible money, for example. great savings vehicle though, should be tax free to convert money into and from.
they'd throw me out on my ear
Because if the current system favors the bankers, the previous system sure as hell favored the bankers. Is it the bank runs?
I guess I should say this is all academic now, since we're about a month an a half away from Weimarizing the dollar lmfao. We've been kicking the institutional legs out from the stool for a while and we will discover the virtue of an independent central bank whether we like it or not.
I would prefer a social credit system (not the Chinese kind, the other kind) where the money supply is managed for the public good via a citizens dividend tied to the productive capacity of the economy, coupled with making gold buying/selling tax free as a savings (and monetary disciplinary) mechanism.
I have the advantage that this system will never be tried, and therefore I can never be proved wrong.
Ok. We'll see how that shakes out in a year or so. Most folks in the west have never lived in a country where a dictator controls the money supply. It's REAL easy to shit talk the US or even european central banks are when you have no idea what the alternative is.