Just read the Communist Mankfesto from Marx and Engels, and in point five it says:
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
Kind of close to todays central banks, altough they just set the broad interest rate. 🤔 But funy how they are not so far away from the Communist Manifesto 😂
#CentralBanks #Communism
Another note about ce tral banks in germany by Marx and Engels:
10. A state bank, whose paper issues are legal tender, shall replace all private banks.
This measure will make it possible to regulate the credit system in the interest of the people as a whole, and will thus undermine the dominion of the big financial magnates. Further, by gradually substituting paper money for gold and silver coin, the universal means of exchange (that indispensable prerequisite of bourgeois trade and commerce) will be cheapened, and gold and silver will be set free for use in foreign trade. Finally, this measure is necessary in order to bind the interests of the conservative bourgeoisie to the Government.
