Quote:
Originally Posted by pknopp
Let's hear the condemnation from the anti-socialists.
Global central bankers, stuck at zero, unite in plea for help from governments
JACKSON HOLE, Wyo. (Reuters) - Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help.
When did a guaranteed profit/return become a cornerstone of Capitalism?
https://ca.news.yahoo.com/global-cen...-business.html
P.S. inflation is not low.
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"Central Banks" have nothing to do with Capitalism. In fact they are the opposite-a condition created by government intervention in and manipulation of the free market. They have a monopoly due to their relationship with the government and the government's granting of monopoly status to them. Perhaps the worst example of "crony capitalism" (not free market capitalism) in existence. And exactly what people attacking the expansion of government have been warning you about.
Socialism is government ownership of the means of production. Central banks are perhaps socialism taken to extremes-government ownership of the means of capital. Exactly what leftists and big government promoters have been working for for 100 years.