[ExI] Bank of England

Stefano Vaj stefano.vaj at gmail.com
Sat Jun 20 17:45:23 UTC 2009

On Sat, Jun 20, 2009 at 12:00 AM, Rafal
Smigrodzki<rafal.smigrodzki at gmail.com> wrote:
> ### Recently my mind became tainted by reading Mencius Moldbug, and
> the idea that a sovereign decision maker is at times better than a
> committee seems to have taken hold.

Agreed, the operational word being "sovereign". Not "politically
irresponsible manager".

> Say, we had a central bank whose
> owner is rewarded according to long-term economic performance of the
> economy.

That is a funny idea, unless of course one means "long-term economic
performance of the financial system of which the central bank is today
an expression". Once again, I think that Money as Debt makes it much
clearer than a lot of specialised textbooks...

Stefano Vaj

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