Thread replies: 9
Thread images: 2
Thread images: 2
Daily reminder the first country to eliminate their central bank and allow free market banking will have the highest living standards on earth within 5 years.
Massive high paying service sector jobs with dominate this country's economy to consume the goods the rest of the world has to produce for it.
The workweek would shrink to 2-3 days a week and people would retire much earlier. This will also lead to more jobs becoming available.
Everyone would have high saving rates. Houses would be inexpensive. Debt would be strongly discouraged economically.
Massive automation would take place as the cost of capital goods would be extremely cheap. This will lead to massive levels of technological innovation.
It would be extremely easy for the average person to start a business due to the cheap cost of capital goods.
Daily reminder REAL capitalism has prices falling all the time instead is going up.
Daily reminder America never had a system of free market banking. There were only patches of American history with free market banking. The panics that happened during the 1800s were due to government intervention in the banking sector. Sweden had the longest most successful period of free banking and that's what made them really rich.
Daily reminder the longest period of (relatively)free banking in America coincided with the INDUSTRIAL REVOLUTION where wages rose and prices fell.
Daily reminder central banks are the very reason the economy is a pile of dogshit and our generation is so fucked.
>>
spurious claims
>>
>>2630575
It's true though.
>>
>>2630578
Lots of citations needed.
This is wishful thinking at best.
>>
File: zO6FNKZ.gif (66KB, 223x199px) Image search:
[Google]
66KB, 223x199px
>>2630563
>Mercantilism, also called "commercialism,” is a system in which a country attempts to amass wealth through trade with other countries, exporting more than it imports and increasing stores of gold and precious metals
>>
>>2631258
What do you need a citation for?
I'll get it for you.
>>
>>2630563
>Daily reminder the first country to eliminate their central bank and allow free market banking will have the highest living standards on earth within 5 years.
That's a funny way of saying "will be bombed into the stone age for interrupting the status quo"
>>
>>2630563
Ask those middle eastern dictators about the petrodollar and how breaking loose from the international banking cabal worked out for them.
>>
t. austrian economics cultist that finished reading a blog post and thinks he's an expert on monetary policy
Thread posts: 9
Thread images: 2
Thread images: 2