>Governments have taken control of the money supply. laughable. The economist Wolfgang Streeck debunks this entire premise in his book 'how capitalism will en

>Governments have taken control of the money supply. laughable. The economist Wolfgang Streeck debunks this entire premise in his book 'how capitalism will end.' after the 1993 financial crisis and 2008 market collapse financial power eclipsed the state through the introduction of debt and credit as the means of financial operation. First at the personal level, through blank-check irresponsible issuance of credit cards and mortage loans, then through the insistance that states and entire nations operate on a debt model, sacrificing traditional tax revenue from the top earners instead for a system of infinite term, low and even zero interest credit. all they have to do is prove their solvency through austerity measures, which absolve the wealthy from paying evermore taxes in the process. Streeck even highlights how this happens in the EU, with northern nations routinely subsidizing obstinant southern nations in an uncomfortable exchange to push them toward a debt structure that only benefits the wealthiest. He makes a compelling argument that everyone knew what greece was doing, even encouraged it, and yet walked away blameless after the crisis. the only way central banks benefit the political class is in their employment as a cudgel to punish the wicked. Central banks disarm valid opposition like Edward Snowden, Julian Assange, and Kim Dot Com. Or at least they did, until cryptocurrency.