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463 sats \ 6 replies \ @Undisciplined 21 Mar \ on: Swiss central bank cuts key interest rate by 25 basis points econ
central bank policy is ultimately always the same nonsense
It took me a long time to wrap my head around the nature of the problem with central banks. It's not that they set rates too high or too low, it's that they set interest rates at all. People spend their energy debating if they should raise or lower the rate, but both of those assume the false assumption that rates should be set by someone.
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163 sats \ 4 replies \ @TomK OP 21 Mar
CBs are mentioned by our amigo Kark Marx in his manifesto. It's pure communism
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52 sats \ 3 replies \ @Undisciplined 21 Mar
Most of his 10 planks have been adopted all across the west.
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32 sats \ 2 replies \ @TomK OP 21 Mar
Last will be: 'You'll own nothing.... ''
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31 sats \ 1 reply \ @Undisciplined 21 Mar
They mean the same thing, but "Everyone owns everything" was such a better pitch than "You'll own nothing"
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31 sats \ 0 replies \ @TomK OP 21 Mar
You have to let this nonsense of everyone owning everything sink in long enough to realize that it falls below the absolute zero line of intellect. The total abolition within oneself
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106 sats \ 0 replies \ @jgbtc 21 Mar
Central planning always ends in disaster.
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