Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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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