The Federal Reserve - Who Needs It? How Panama Has Thrived Without A Central Bank
Written by on May 12th, 2007 in counter-information, Information Access.
The Federal Reserve is America\’s Central Bank, owned by an unnamed corporate cartel, given a license to print money, and holding significant sway over the national government and economy. If it were dissolved tomorrow, the average tax-payer would doubtless be a lot better off. But we couldn\’t do that, could we? Photo credit: Bluestock The Republic of Panama has managed just fine without a Central Bank for over a hundred years, and in actual fact, if you compare the rate of inflation between Panama and the USA over the last twenty years, Panama comes out a lot better off every step of the way. Without the ability to conjure money out of thin air, to suit the needs of private …