The Central Bank is the primary monopoly on which all our monopoly power depends. The occult power of the Central Bank to create money out of nothing is the fountainhead that fuels our far-flung financial and political empire. To most economists our Exchange operations appear to be helpful efforts to "stabilize" the market. We ruling bankers, if able to keep peace among ourselves, become richer and richer as time passes without the annoyance of exerting productive effort of benefit to others.
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