> For example, nobody in the economics profession would refer to the financial system as being 'centralised'. It is not. There's no central planner. There is a

> For example, nobody in the economics profession would refer to the financial system as being 'centralised'. It is not. There's no central planner. There is and it is called the Board of Governors of the Federal Reserve System. By setting the EFF rate (or QE policy if EFFR ~= 0%) of the global reserve currency, they control many facets of the financial system and broader economy. It's not very fine grained control ("bake X loaves of bread"), but it is centralized control and planning.