But countries without central banks are not free.
Discussion
This is also very true in pur current world. Maybe under a bitcoin system not tho?? Don't know how it works.
I don't think there are any countries that are truly free of a central bank, it just means they are controlled by someone else's.
Examples are:
Andorra - EUR
Kiribati - AUD
Marshall Islands - USD
Micronesia - USD
Monaco - EUR
Nauru - AUD
Palau - USD
Panama - USD
Tuvalu - AUD
I was just pointing out that some may be thinking a country without a central bank is somehow free, which is incorrect.
Yes. Bitcoin fixes thus. Central banks are s menace to society.
Yeah 100%. I happen to live in a place without a central bank but the currency they use has them by the balls. Its a significant disadvantage for a government not to be able to print 💰💰💰
Not related, the reverse isn't true of the above statement. Like saying "free markets don't have Minitries of Truth," wouldn't suggest everyone was free if they simply don't have a Ministry of Truth.