Should central banks be abolished?

Discussion in 'Economics' started by zdreg, Jan 30, 2023.

Should the Fed be abolished

  1. Yes

    6 vote(s)
    35.3%
  2. No

    11 vote(s)
    64.7%
  1. M.W.

    M.W.

    What are you even talking about? Stop sniffing those bath salts bro.

     
    #11     Jan 30, 2023
  2. spy

    spy

    The very same people. Who else is going to? Conscripts? Slaves? Who do you think should? Do you want to come here and take care of me by coercion? Or, do you think you should be allowed to coerce other people to take care of you? That type of arrangement doesn't hold up very long IMHO.
     
    Last edited: Jan 30, 2023
    #12     Jan 30, 2023
  3. Peter8519

    Peter8519

    No government?
    Just look at Somalia where it's ruled by thugs on a 4x4 truck.
    [​IMG]

    No central bank?
    We cannot trade equities in such situation.
    [​IMG]

    We have to be mindful that thrash talking maybe harmless but repeating it often enough our subconscious mind may think it's real. Our trading decision often depends on it. Believe it or not it's up to you.
     
    #13     Jan 30, 2023
    JonLivingston likes this.
  4. M.W.

    M.W.

    I don't think it's possible to get through those who refuse to use their brain or don't have one to begin with. I gave up on them a long time ago. So many are brainwashed and have not the slightest inkling of what they read nor talk about. They just repeat what someone with hidden motives tells to them. They can't even read content anymore, it has to fed to them through YouTube clips and tiktok

     
    #14     Jan 30, 2023
  5. spy

    spy

    Fyi, Somalia has both a government and central bank so you may want to rethink your argument since the assumptions are completely wrong.

    I agree completely.

     
    Last edited: Jan 30, 2023
    #15     Jan 30, 2023
  6. Pekelo

    Pekelo

    We should airdrop a million cryptofans on an uninhabited island and visit them a year later if anyone survived.
     
    #16     Jan 30, 2023
  7. zdreg

    zdreg

    There was a time in US history when nearly all infrastructure was privately owned.
     
    #17     Jan 30, 2023
  8. Peter8519

    Peter8519

    I rest my case. You are right.
     
    #18     Jan 30, 2023
  9. spy

    spy

    Lol
     
    #19     Jan 30, 2023
  10. zdreg

    zdreg

    The central bank solved(?) the problems they created in the first place
     
    #20     Jan 30, 2023