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RE: The Role and Impact of Central Banking on Financial Stability and Economic Growth

in LeoFinance3 years ago

The central banks (CBs) have systematically destroyed free markets in return for propped up asset prices. Fundamental analysis and risk analysis of corporations and banks is no longer required because everyone is just betting on what the CBs will do.

They have blown the biggest asset bubble in history by keeping interest rates artificially at zero (or below) for over a decade and via quantitative easing. Next they want complete control over how you spend your money via CBDCs.

Cryptocurrency is the only free market left. The CBs won't bail out something they cannot control.