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Old 28-04-2012, 10:37 AM   #49
jon galt
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assuming this theory could work thus ignoring how money is created. Ie through the central banks purchase of 'financial assets,( this has a direct relation to a states economic out put. If not and the central bank were just printing money, it would be seen as worthless by other countries. Also note that financial assets include the purchase of foreign countries money and government bonds.) It would not work in a capitalist economic system, ie all private business is for profit nor work in a free market system. The only way to avoid that would be state run banks and state regulation, which i do in part faviour. This is why Marx proposed such, he saw and predicted what privet banking would become. That said the soviet economic model was disastrous.

Last edited by jon galt; 29-04-2012 at 09:18 AM.
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