The "What is Money?" Show cover image

"We Don't Need Central Banks" w/ Richard Werner (WiM581)

The "What is Money?" Show

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Decentralized Decision-Making: Lessons from History

This chapter reevaluates the tension between central planning and free market capitalism through the lens of historical examples, particularly the Prussian army's decentralized decision-making approach. It emphasizes the principle of subsidiarity as a means to enhance efficiency and effectiveness in both military and economic systems. The discussion critiques the impact of central banking on local economies and advocates for reforms that bolster small community banks and support entrepreneurship.

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