Friday, April 27, 2007

Panama Has No Central Bank

Presidential candidate Ron Paul has called for the abolition of the Federal Reserve system. His critics have said that without a "central bank" the US economy would fall into chaos. Here is a real world example of a country that has no central bank, no fiat money system and no "lender of last resort." The result: low inflation and a stable economy.



read more | digg story

No comments:

11-21-2024

  EU disease agency considers quitting Elon Musk’s X over disinfo | The spread of scientific misinformation on the social media platform is ...