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The only good Central Bank is no Central Bank at all.

Treasuries could quite easily issue credit directly under the supervision of a Monetary Authority, with no interest charged, but with a payment into a default fund for the use of a Government Guarantee, and a payment for administration payable to Credit Managers formerly known as Banks.

It's not Rocket Science: but it is the disintermediating logic of the Internet.

To paraphrase John Gilmour's great quote re Censorship:

"The Internet interprets Banks as Damage and routes around them...."

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Thu May 10th, 2007 at 05:26:34 PM EST
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