3. Iceland looks at ending boom and bust with radical money plan

Iceland looks at ending boom and bust with radical money plan

This is an automatically generated TL;DR, original reduced by 72%.

He argued the central bank was unable to contain the credit boom, allowing inflation to rise and sparking exaggerated risk-taking and speculation, the threat of bank collapse and costly state interventions.

In Iceland, as in other modern market economies, the central bank controls the creation of banknotes and coins but not the creation of all money, which occurs as soon as a commercial bank offers a line of credit.

Under the so-called Sovereign Money proposal, the country's central bank would become the only creator of money.

Extended Summary | FAQ | Theory | Feedback | Top five keywords: bank#1 money#2 central#3 Iceland#4 Sigurjonsson#5

Duplicates found in /r/conspiracy, /r/Anarcho_Capitalism, /r/economy, /r/BusinessHub, /r/Economics and /r/POLITIC.

/r/Anarcho_Capitalism Thread Link - telegraph.co.uk
Previous
Next

Recently removed from /r/Anarcho_Capitalism

Anthony Mitchell, who was being held after a mental health wellness check, died with a body temperature of 72 F after Alabama officers chained him naked to a chair inside a freezer and left him there for hours. Here they’re seen dumping his body in the back of a police SUV. Circumcision is a violation of the NAP. That is all. Are we stuck living our life this way? Gun control doesn't end in the courts, it ends on the porches of the free man Don't you just love free speech? Abortion is a moral right Mass shooters of 2021 A lot of you would be happier with a conservative government than anarchy where leftists could live freely. Don't lie. If you need your student debt cancelled it just proves how worthless college degrees are. Thoughts on how ANCAP would deal with marriage law Become Ungovernable SHOULDVE GONE OUT INTO THE MARKETPLACE INSTEAD "is there something else i can do?" Reducing CO2 by 95% will cost per year $11000/person Leftist progressive logic

More Random Comments

Western sanctions have hampered Russia’s ability to resupply its army, a report says. TIL about Dina Sanichar, a boy who was raised by wolves until the age of six, when he was discovered by hunters (1867). He was never really able to adapt himself to civilized society and died in 1895 of tuberculosis. Musk’s Twitter Buyout Gambit Is Getting Costlier by the Day withdrawing consent to publish pictures. Kindle 11 vs Paperwhite 4 Should I repeat the year A hot take from an Angeleno residing in Portland. Why are there basically no fat bodies in this show? What has been the most destructive lie in human history? Why is there such an aversion to verbal communication or multi pronged communication in engineering departments? Baby is handed through a crowd and given to the rock Bruh Sharp is the least black looking black person.... A nice graphic explaining the Zumer Protocol. Geeta Patel(Director) praises Ewan Mitchell (Aemond) while breaking down Episode 8 Incapacitatea de a vedea alte perspective