[ExI] Bank of England/was Re: Psychology of markets explanations
stefano.vaj at gmail.com
Thu Jun 18 17:53:55 UTC 2009
On Thu, Jun 18, 2009 at 2:57 PM, <dan_ust at yahoo.com> wrote:
> "Also, I don't think his explanation need mean whenever we see a state it must needs have a monopoly over money. It would mainly apply to states that were threatened or felt their existence would be threatened by leaving money alone. States that aren't under and don't perceive such threats, probably won't feel any pressure to monopolize or, in more advanced economies, set up a central bank."
Yes, but *shouldn't* it have a monopoly on money - as in nationalising
the relevant central bank - or to breach the monopoly thereof as
Kennedy did by printing the money it needs?
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