George Selgin: Do we really need Central Banks?
Posted Apr 27, 2017, 5:03 AM UTC
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Without a central bank, who would perpetuate wars?
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No.
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Brilliant analysis, BTW.
Banks are still businesses, and central banks have complete national monopolies. No competition. Not very Capitalistic at all.
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They need us.
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Also worth watching: https://www.youtube.com/watch?v=PpCONK5vgjs
Would recommend anything from Selgin. His Theory of Free Banking is an excellent must read for anyone interested in alternatives to central banking.