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Old 04-11-2013, 05:23 PM   #48
mhgaffney
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Join Date: Apr 2006
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Quote:
Originally Posted by elsid13 View Post
You might want to go reread history and look at the banking crises of the 1800s to understand why there is central bank. Bitcoin follows that model pretty closely.
You have it backwards.

The crises of the 1800s, panics etc, were deliberately caused by the big banks to scare the nation into the false idea that a central bank would avert these events.

That has long since been proven false.

MHG
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