> To discuss central banks and "other" components of
> free-market systems is nonsensical, because a central
> bank IS NOT a component of a free-market system. A
> central bank may happen to exist in a market which is
> otherwise mostly free; but then an absolute dictator
> might choose to allow freedom of religion, and nobody
> would say that the dictator was then a component of a
> free country.
I would. And a country is a component of a free world. And a world
is a component of a free galaxy. And a galaxy is a component of a
free universe. Just because some guys shouting off about the size of
his super gun is no reason to think you're no longer free.
Maybe a FMC system wouldn't have a *central* bank, but it would have
several central systems for deciding currency. And even if it is
smaller, and there are more of them, and you can choose which one you
want to use - it's still centralist. And if each and every person
decides the value of his or her own currency - it's still centralist.
--Wax
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