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Money and BanksMoney and Banking
Without a turn toward hard money, the odds are that the world’s dependence on the Greenback will not decline but presumably grow even more in the years to come.
The critical question is this: Is the Libra really good — or sound — money? Unfortunately, this question cannot be answered in the affirmative.
One of the easiest ways of asserting control over the private sector is to manage the money supply with a central bank. Naturally, Marx was rather fond of the idea.
신용팽창에 의한 경기활황(boom)과 경기파열(bust)을 종식시키는 유일한 길은 인플레이션을 일으키는 중앙은행의 위조행위를 없애는 것이다.
The only way to end the booms and busts brought by inflationary credit is to eliminate the central bank's counterfeiting that constitutes and creates that inflation.
In its blind search for the "correct" interest-rate policy, the Fed can't succeed in extending the boom indefinitely.