4 ms·

You must come from a country where the central bank doesn't print money :)

• Nursie 8y ago
  I come from a country where the central bank can issue money (not print it, that's someone else's job). It's great. They can use their powers to keep inflation at a small positive level, help smooth out economic bumps, and help the money supply keep pace with the economy. A fixed amount, ever, would constrain economic growth, reward hoarders rather than investors, disincentivise spending and generally be a poor substitute. As evidence I present ... the entirety of the Western world and it's multiple decades of unparalleled prosperity.
  • gthaman 8y ago
    Central banking is awful and you know no better than to say what you say (having not known anything else). Evil triumphs only when good men do nothing!
    • Nursie 8y ago
      You've provided no evidence or argument as to why central banking might be 'awful', after I just explained why there is much to be liked about it. Please do provide your reasons, but if they're just the usual libertarian tripe about inflation and taxes, I'm afraid I might not give them much credence.