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If you have a Fiat money then you must have a control mechanism. But not doing anything is just as much a centrally planned policy in a fiat money system as do
by nickik 8y ago
If you have a Fiat money then you must have a control mechanism.
But not doing anything is just as much a centrally planned policy in a fiat money system as doing a lot of stuff.
And just btw, if you actually study economic history you will see that the monetary system before fiat central banks also adjusted monetary supply just threw a different mechanism.
I would prefer something different then the Fed. And a more clear set of rules what they should do and when.