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A central bank also has lawyers who ask questions? Sometimes it feels like some people imagine government working like this: Biden calls up Powell and says “Le
by pavlov 5y ago
A central bank also has lawyers who ask questions?
Sometimes it feels like some people imagine government working like this: Biden calls up Powell and says “Let’s take all the money from our political enemy N.N today” to which Powell replies “Yeah LOL awesome, my minions are pushing the button now”
- danielmarkbruce 5y agoSure - you are right. But one more layer of lawyers asking questions on such a request is, imo, extremely valuable. Especially when the extra lawyers are being paid by a private entity who is more answerable to shareholders and customers than the central bank (or whoever asks them).
- deleted 5y ago[deleted]
- mark_l_watson 5y agoThis is an interesting sub-thread. My question is "why do you and parent commentators think that these decisions, both on payer/payee sides, won't be fully automated AI - with no human in the loop?"
- refurb 5y agoWell, it kind of does work that way, just with more signatures.
- Ekaros 5y agoIn that case just like in current you can sue the government. And if that route is not open due to corruption or whatever it is essentially same... If truly totalitarian government decides to do something "illegal" you really don't have much way to fix it in either scenario.