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It is a conundrum that a central bank and a fiat money system is by far the best way to organize a modern economy, but that the governance of such an institution is beyond the grasp to too many people for it to be safe to allow it to operate for fear that the sort of governmental capture we have experienced will inevitably occur. We as a people have not demonstrated that we are competent to govern ourselves. So we allow the self interested to grab control and delude ourselves that all is for the best in the best of all possible worlds. "It is not necessary to have hope in order to persevere."
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