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> a government that controls the supply of dollars In most Western countries, this is the function of the central bank, not the government.
by llimos 4y ago
> a government that controls the supply of dollars
In most Western countries, this is the function of the central bank, not the government.
- SideburnsOfDoom 4y agoWhile you are correct that "Central banks in most developed nations are institutionally independent from political interference" (1) But this is a) not in the private sector, it is acting to "manages the currency and monetary policy of a state" to "implement a country's chosen monetary policy" State. Country. b) more importantly, this is still utterly unlike a household, where no such function exists in any form. Thank you for the pedantry unrelated to any of the main points though. 1) https://en.wikipedia.org/wiki/Central_bank https://en.wikipedia.org/wiki/Central_bank