Are central banks necessary?
Why do we allow private entities to make money from huge national debts?
Are there alternatives to fiat currency that don't rely on gold?
Are central banks necessary?
Isaac Adams
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Leo Sullivan
Bitcoin
David Johnson
Wow that's for the generous one word answer.
I heard you guys weren't completely retarded here. How do you feel about the rule of the money lenders?
Levi Wood
Communism
We survived hundreds of thousands of years without money. It's like Facebook.
Hunter Fisher
>Are central banks necessary?
In the current system, yes.
>private entities
Not all central banks are private, the Bank of England for example is owned by the government and has been since 1946. Since 1998 it's been an independent public institution owned on behalf of the government by the treasury solicitor.
Brayden Jackson
But isn't the constant borrowing unsustainanble? Doesn't our current system need to continue to grow? What happens if we allow the economy to deflate? Wouldn't that mean our money would be increasing in worth?
Should we allow the purchasing of national debt as a commodity? Isn't that morally repulsive to you?
Jose Long
> Are there alternatives to fiat currency that don't rely on gold?
Of course. Any fungible commodity can be used as the basis of currency. What exactly is your problem with fiat currency?
Leo Butler
NO DEBT
NO MONEY
NO STATE
NO RENT
#ANARCHYLIVES
Leo Richardson
My problem is that money is being created as debt through fractional reserve lending, and bankers make money from debt through interest.
This is fraudulent, and should not be allowed to continue.
Charles Ross
Well it's not like you have to be a banker to make money from debt. Nothing's stopping you from buying T-bills right now.