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That's not really true. Just because central planning be done stupidly doesn't mean it never works. Check out the number of countries that don't have something like a central bank stabilizing their currency which is approx zero out of 200 or so countries.


The US was stable for over 100 years without a central bank.

The reason countries have a central bank is so they can inflate the currency.


For all the folks who don't believe me, the term "sound as a dollar" was a common compliment in the US before 1914.

You never hear it anymore.




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