[ExI] Bank of England

[Stefano Vaj]

On Tue, Jun 23, 2009 at 12:14 AM, Dan<dan_ust at yahoo.com> wrote:
> How would you distinguish between them?  How would you measure "politically responsibility"?

Visibility?

Once more: have you seen Money as Debt? Not because it is the Gospel
(in fact, it is even naive on a number of points) but because it would
seem pointless to produce a wordy reiteratation here of what is
explained there with a chart-and-cartoon level of simplicity.

> I think the delusion is that there could be public interests and that a monopolist would serve them.  So, government is always a public-seeming entity serving the private interests of the ruling class.  There are no public entities that would do otherwise.  That's the illusion of statism.

Why then not to entrust monetary control to governments, and/or other
bodies, such as municipalities?

-- 
Stefano Vaj