The Role of Central Banks and War

Central banks are identified as a significant factor in the perpetuation of war, primarily due to their capacity to print money, which allows governments to finance military actions without direct accountability to taxpayers. This enables a disconnect between the costs of warfare and the public’s awareness, leading to an environment where government decisions can result in civil and international conflicts. The transition away from the gold standard following World War I is highlighted as a pivotal moment that facilitated unchecked monetary expansion by governments, effectively making war funding easier and more inviting. As a result, recurring financial crises can be linked to this system, creating a cycle of conflict that has persisted throughout modern history.