That’s completely nonsensical they can’t print gold so no that’s not a price control mechanism. I agree that central banks are mildly socialist in the sense that control of the interest rate is a way to manipulate prices. This v different than setting prices tho which they did
Yes it does in the sense that central planning of prices removes some element of economic calculation and is the quintessence of socialist economic systems.
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Can you provide me some sources to read, then? Can you give me some socialist economic theory that clearly shows this as the "quintessence of socialist economic systems"?Planning occurs in capitalism in many areas.pic.twitter.com/c1fXWdO4Mz
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