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    ☦️KingOfWhiteAmerica☦️ (kingofwhiteamerica@poa.st)'s status on Wednesday, 19-Mar-2025 16:15:48 JST☦️KingOfWhiteAmerica☦️☦️KingOfWhiteAmerica☦️
    in reply to
    • ?? Humpleupagus ??
    • :spinnenrad: Eiregoat :spinnenrad:
    • Floydian_Psychology :sonnenrad: :windmill_of_friendship: :sonnenrad:
    • Fish of Rage
    @Eiregoat @Humpleupagus @Floydian_Psychology @sun > Central banks don't create or distribute wealth, they distribute tokens that wealth-creators (ie. workers and property owners) are willing to trade for wealth.

    Okay, fair enough; but the point stands that the central bank retains the authority it has, entirely independently of such considerations. As far as I can tell anyway. If one is necessarily obliged to use their tokens by force of law, there’s not much practical difference.
    Sure, I can theoretically conceive of a number of things happening that remove them from this illustrious position of authority. I can even also see value in hedging against such contingencies. But it would actually have to happen, first, if we really want to do something different.
    In conversationabout 2 months ago from poa.stpermalink
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