Private Accounts?
Privatization is code for an expensive mandatory savings program.
Privatization is code for an expensive mandatory savings program.
As the world financial system entered a state of collapse, commentators said that Russia had traded the shortages of socialism for the bank runs and financial panics of capitalism. In fact, modern finance and banking are built on unstable, socialistic foundations.
When I received this book, I turned first to the contribution of Murray N. Rothbard, "The Gold Exchange Standard in the Interwar Years."
Having the central bank manage interest rates is central planning at its worst.
A world central bank and currency can only further destabilize the global economy.