Another note about ce tral banks in germany by Marx and Engels:
10. A state bank, whose paper issues are legal tender, shall replace all private banks.
This measure will make it possible to regulate the credit system in the interest of the people as a whole, and will thus undermine the dominion of the big financial magnates. Further, by gradually substituting paper money for gold and silver coin, the universal means of exchange (that indispensable prerequisite of bourgeois trade and commerce) will be cheapened, and gold and silver will be set free for use in foreign trade. Finally, this measure is necessary in order to bind the interests of the conservative bourgeoisie to the Government.
Tim B
npub1gd…qs8dy
2023-07-09 11:08:38
in reply to nevent1q…fz0l
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npub1gdjavwraksfncse6whvlzg5995fzrm6u4fxw5h466z7tdh38q9gsjqs8dySeen on
wss://nos.lolPublished at
2023-07-09 11:08:38Event JSON
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