[recursivedoubts]

nope, i'm not a libertarian and don't agree with a lot of what they say

i think gold is a terrible money, for example. great savings vehicle though, should be tax free to convert money into and from.

they'd throw me out on my ear

[selridge]

Then what about banking & finance pre central bank era are you nostalgic for?

Because if the current system favors the bankers, the previous system sure as hell favored the bankers. Is it the bank runs?

I guess I should say this is all academic now, since we're about a month an a half away from Weimarizing the dollar lmfao. We've been kicking the institutional legs out from the stool for a while and we will discover the virtue of an independent central bank whether we like it or not.

[recursivedoubts]

Bankers have been a problem as long as there have been banks with fractionally reserved deposits. The Fed just stabilized the appropriation of surplus value by the banking system through the issuance of credit. There is nothing independent about it: it will preserve the large banks come hell or high water, and soon enough we'll get both.

I would prefer a social credit system (not the Chinese kind, the other kind) where the money supply is managed for the public good via a citizens dividend tied to the productive capacity of the economy, coupled with making gold buying/selling tax free as a savings (and monetary disciplinary) mechanism.

I have the advantage that this system will never be tried, and therefore I can never be proved wrong.