>By contrast, most central banks pilot the amount of money in circulation in order to try to keep the price of goods stable. This is, imho, as absurd as changing the length of the meter because we've noticed that generations after generations people are getting taller and taller.
Indeed, and this is why central banks are counter productive to automation.
The two primary goals of the Federal Reserve are to maintain stable prices and achieve maximum employment, despite the fact that automation is making goods and services better, faster, and cheaper and designedly eliminating the need for human labor.
Indeed, and this is why central banks are counter productive to automation.
The two primary goals of the Federal Reserve are to maintain stable prices and achieve maximum employment, despite the fact that automation is making goods and services better, faster, and cheaper and designedly eliminating the need for human labor.