[KarlKemp]

National banks have always had certain objectives (or “agendas”) that broadly correspondent to the general welfare and stability of the system. I don’t know how it would even be possible for them to make decisions without having objectives, so the “hands-off” or “neutrality” people clamor for seems rather unspecific.

The idea that tying the money to some physical (gold standard) or mathematical (Bitcoin) “reality” is somehow preferable is just the naturalistic fallacy wrapped in cynicism, namely that today’s institutions are incapable of making better decisions than the completely arbitrary whims of these alternatives. And all the ghosts people seem haunted by (hyperinflation) are figments of history a century removed.