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by hamilyon2 2068 days ago
The traditional capitalist economy with gold and then dollar bills was adequate for a long time. Still ground to halt during great depression.

I argue that it is on it's limits now. Long-term prosperity now depends on central banks making right decisions every time there is a hiccup. This should not be like that.

It should be more automatic. Ubi or not, relief funds should be in place when they are truly needed.

Short-term projects should be funded without borrowing excess funds from future generations.

Ultra long term projects should be possible without some crazy political effort.

Central banks can do all of above, if they have better visibility and, yes, control of how money moves, what ownership structure is