Refuting Dummies On Central Banks: “Independent” Doesn’t Mean “Private”

Duration: 00:21:17

Topics: More refutation of the ignoramuses on central banks. They misinterpret “independent” to mean “private” because they don’t understand basic civics. Many wholly state-owned central banks are “independent” from other branches of government, just as the judicial branch is independent and makes its own decisions. That’s not the same thing as “private”. All it means is that it’s independent from politicians to chart its own course, like the Supreme Court is as well. Even if a central bank were technically “private” in the sense of having private shareholders, the state still has control over it via taxation and regulation powers, as they have over all private business in general, so it makes little difference here. But that’s not even the case here, it’s just independent not private.

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2 thoughts on “Refuting Dummies On Central Banks: “Independent” Doesn’t Mean “Private”

  1. So understanding civics and being able to read the constitution means everything is working to print and nowhere are rules being broken, that makes sense, why would anyone believe otherwise.

    “Between 45 and 65% of all executive and legislative branches of government are lawyers. Yet we keep doing the same thing. They run our lives!
    Lawyers who are members of a bar associations are barred legally from running for public office in the executive and legislative branches of government. The Constitution [13th Amendment] prohibits them from running for any elected office that is not part of the Judicial Branch of Government. To protect us against same hands tyranny, James Madison and George Mason implicitly instituted the separation of powers principle in the U.S. Constitution. Lawyers and judges have ignored the prohibition.”- -Americans for legal reform

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