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bomboriver
edfe66a5eb79c8fb4f6b4b76a27b8ba66efd1b100ff8e9a7899ef9a182dc7630
obsessed bitcoiner

Is there a solution out there for a decentralized internet?

We dont have to find a way to survive in the #WEF world. We have to make sure it does not happen. No #Bitcoin    or #gold can set you free in the #WEF designed dystopian world.

EU-WHO, the “global Green Pass” is born. Towards the global health passport.

The global elite revelation of the real purpose of the #covid19 war.

This is just the first step. They will link this to the euro digital wallet. They will control you and freeze your account if you move or make the government unhappy

My compliments to everyone stupid who supported #covid19 vaccines and masks 😷 and lockdowns. Well down. Now the WEF will fcuk you too!!

The biggest tyre cemetery in the world is in Kuwait.

They burn tyres 24/7 and can be seen from outerspace.

But goverments says the cows and eating meat is the issue causing climate change.

#Bitcoin = #freedom

#CBDC = #slavery

Is really simple.

Seem yesterday to me.... #bitcoin was 7.8k GBP in the summer 2020....then what happened next... booooom to the moooooon

@REVOLUT finally allowing #bitcoin to be withdrawn to your private custodial wallet

https://revolut.com/referral/?referral-code=vittor6kq!JUN1-23-AR

The uk and rishi sunak do the same thing just in another way... the truth is they worship the china way you must obey.

Replying to Avatar bomboriver

https://youtu.be/xUezfuy8Qpc

what do you think about rowan atkinson free speech video

nostr:npub1tsgw6pncspg4d5u778hk63s3pls70evs4czfsmx0fzap9xwt203qtkhtk4 what is your opinion on his speech in the video

https://youtu.be/xUezfuy8Qpc

what do you think about rowan atkinson free speech video

My second halving is going to be orgasmic

Determining the appropriate level of government involvement in a monetary system requires consideration of several key factors. Here are some factors that should be taken into account:

1. Economic Development: The stage of economic development is an important factor. Developing economies often require more government involvement to address structural challenges, promote growth, and mitigate risks. As economies progress and become more stable, greater independence for the central bank may be pursued.

2. Institutional Capacity: The institutional capacity of both the government and the central bank plays a role. If the government has a strong track record of sound economic policies and institutions, it may be more comfortable granting independence to the central bank. Conversely, if institutions are weak, closer government involvement may be necessary to ensure effective monetary management.

3. Inflation and Stability Concerns: High inflation or stability concerns may warrant a more hands-on approach from the government. In such cases, the government may prioritize price stability and may need to exert greater control over monetary policy to address immediate challenges.

4. Public Confidence and Trust: The level of public confidence and trust in the government and the central bank is vital. If trust is low, the government may need to maintain closer involvement to provide reassurance and accountability. Conversely, if trust is high, greater independence may be feasible.

5. Legal and Governance Framework: The legal framework and governance structure should be considered. It should define the roles, responsibilities, and decision-making processes of both the government and the central bank, ensuring transparency, accountability, and checks and balances.

6. External Constraints and Commitments: International commitments, such as membership in a monetary union or adherence to international standards, can influence the level of government involvement. These commitments may require certain policies or limit the extent of independence granted to the central bank.

7. Socioeconomic Goals: The broader socioeconomic goals of the country should be taken into account. If addressing income inequality or promoting social welfare is a priority, the government may need to have more involvement in monetary policy to align it with these objectives.

8. Political Stability: The level of political stability can impact the degree of government involvement. In more politically volatile environments, the government may seek to maintain a greater degree of control over monetary policy to ensure stability and avoid potential risks.

Considering these factors, policymakers should evaluate the trade-offs between government involvement and central bank independence to find an appropriate balance that promotes economic stability, growth, and the well-being of the country's citizens.

Achieving a completely independent monetary system, entirely divorced from any government involvement, is challenging and often impractical. The functioning of a monetary system is intricately linked with the broader economic and political landscape of a country. While some countries have granted a considerable degree of independence to their central banks, complete separation from the government is rare.

There are a few reasons why some level of government involvement in the monetary system is typically necessary:

1. Legal Framework and Mandate: The establishment of a monetary system and the authority of a central bank usually require a legal framework created by the government. This framework defines the central bank's mandate, objectives, and powers, ensuring that it operates within legal boundaries.

2. Public Interest and Accountability: The government represents the interests of the public and holds ultimate accountability for the well-being of the economy and its citizens. Therefore, some form of government involvement is crucial to ensure that monetary policies align with broader socioeconomic goals and address issues such as unemployment, income inequality, or financial stability.

3. Policy Coordination: Monetary policy often needs to be coordinated with fiscal policy to achieve optimal economic outcomes. Fiscal decisions, such as government spending and taxation, can impact the effectiveness of monetary policy, and coordination between the two is necessary to avoid conflicts and promote macroeconomic stability.

4. Financial System Oversight: Governments typically play a role in overseeing the overall health and stability of the financial system. This includes regulations, supervision, and crisis management measures. The central bank often collaborates with the government in these areas to ensure financial stability.

While some level of government involvement is necessary, the extent and nature of that involvement can vary. Different countries have different models, ranging from more independent central banks to closer government control. Striking the right balance between independence and government involvement is an ongoing challenge and often requires a delicate equilibrium that serves the best interests of the economy and its citizens.

Ultimately, the specific design of the monetary system should consider the unique circumstances, institutional framework, and policy goals of each country, with a focus on maintaining transparency, accountability, and the stability of the overall economic system.