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RE: The Boom, Bust and Replacement of the global economy
They will be there but spread more widely I think so that one fail doesn't decimate all others.
When it comes to the mechanisms of failure, the bank created debt and inflation can be better managed.
Yeah. I realize now that my comment might have come off as supporting centralization or being sympathetic to it :-0 That is not the case at all.
Take away the centralized control of the markets and people will become much more interested in controlling their own fate and probably do a better job.