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Central Banking and the Money Supply – “On the Wealth of Nations”, P.J. O’Rourke

May 15th, 2012 · No Comments · Economics, Policy, Politics

A central bank is the institution that controls the supply of a country’s money. This would be a straightforward matter if it weren’t for three facts: Money is imaginary. Banking doesn’t involve money. And a central bank isn’t a bank.

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