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Have you ever heard of the phrase "kicking the can down the road"?

• deleted 9y ago
  [deleted]
• stouset 9y ago
  You can play this argument ad infinitum without actually adding anything of value to this conversation. Central banking is not perfect, but it has a better track record of stability and growth than any other system that’s been tried at a large scale. Try and remember that the alternatives aren’t optimal economic systems that are immune to bubbles, recessions, depressions, hyperinflation, corruption and manipulation. If anything the Bitcoin experiment is reinforcing why we have existing regulations in place.
  • tooltalk 9y ago
    How do you know that it has a better track record of "stability" and "growth" than any other system at a large scale? Much of America's growth in the late 19th happened without any central banks in 1913. Most of "depressions" happened prior to that -- and there were 4 such major ones in the 19th century and many of them were directly caused by the govt policy changes -- were nowhere as severe as the Great Depression occurred after the creation of the central banking in the US.