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Tuesday, July 23, 2019
HomePosts Tagged "Business" (Page 127)

poverty level

After reviewing the latest economic news and the Oxford study conducted on the poverty level, I think that the only appropriate responses are as follows. Congratulations! You ignorant liberals who vote based on envious idle-minded delusions of “fair” collectivist societies have been living in an alternate reality. But now it is time to wake up, that is if it’s not too late, because your allergy to truth and reason has destroyed the middle-class.

Advocates of central bank reform must examine why central banks emerged and what forces sustain them. They did not arise in an institutional vacuum, and will not be reformed in an institutional vacuum. The historical origins of central banks explain how they came into existence. The forces sustaining and feeding their growth may differ from those explaining their origin.

Plans to abolish central banks constitute an extreme reform. It is doubtful that such plans can succeed without broader institutional change, occurring either first or simultaneously. That is likely true regardless of the strength of evidence on central bank performance. I examine these issues in what follows.