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this post was submitted on 13 Nov 2024
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You don't want a government in direct control of the money supply. There is a very high negative correlation between central bank independence and inflation. Countries without independent central banks have much higher inflation. In conclusion, Lee is a fucking idiot.
Everything you said is shit that book readers say . In the Trump government there won't be any room for that nerd shit and anyone who suggests anything that resembles "learning" will be wedgied by the secret service before being thrown out.
At the end of the day the central bank is always dependent on the government. Sometimes at an arms length, other times at a finger length. The government controls the length and gives the authority to issue currency and provides the enforcement needed to ensure it's one of the few issuers. So it might be more about government competency and its checks and balances.