The root problem isn't the central bank. Central banks are relatively new inventions while rent seeking is thousands of years old.
The core problem is that land ownership is an entitlement (derived ultimately from the application of historical violence) and not a liability.
I expect these entitlements will be expunged from humanity one day but it'll be as arduous to eradicate as absolutist monarchy was. Land redistribution of any kind always invites a violent backlash from elites.
The core problem is that land ownership is an entitlement (derived ultimately from the application of historical violence) and not a liability.
I expect these entitlements will be expunged from humanity one day but it'll be as arduous to eradicate as absolutist monarchy was. Land redistribution of any kind always invites a violent backlash from elites.