> Central banking is possibly the greatest human invention since sanitation. The U.S. central banking system ranks among the finest of its kind.
How did you come to that conclusion? Is this a common viewpoint?
EDIT: I am genuinely curious. It doesn't strike me as a great invention, but I could be wrong. I'd love to be convinced otherwise, for example by reasoned arguments of how things were before central banking and why things were so much better after and compared to all other alternatives, as well as what sets U.S. central banking system apart from the rest of the central banking systems in the world. Do you have any links to this type of reasoning?
How did you come to that conclusion? Is this a common viewpoint?
EDIT: I am genuinely curious. It doesn't strike me as a great invention, but I could be wrong. I'd love to be convinced otherwise, for example by reasoned arguments of how things were before central banking and why things were so much better after and compared to all other alternatives, as well as what sets U.S. central banking system apart from the rest of the central banking systems in the world. Do you have any links to this type of reasoning?