понеделник, 1 октомври 2018 г.
An enemy of a government
According to gold, the money is gold money or non-gold money.
Gold money has a full economic value. They have no qualities for sustainable use.
Non-golden money jointly performs 1. beneficial influence and 2. (due to lack of full economic value) ensure the occurrence of damages.
Now the Central Bank has introduced a non-golden currency. Like the sun, the Central Bank has a beneficial and harmful influence. The central point is that the Central Bank ensures damage.
The options for counteraction against the Central Bank are:
1) Counteraction without protection against the Central Bank.
2) Counteraction with protection against the Central Bank.
In the world, "Counteraction without protection against the Central Bank" has an age-old tradition. Existing state practice is a fateful failure because there is no opportunity to successfully deal with damage from non-golden money.
The government ensures public order and national security. People often blame the Council of Ministers for damages.
The important thing is, is it right to criticize ministers for damages that are a consequence of the Central Bank's activities?
Without protection against the Central Bank, the government has no potential to counteract the occurrence of damages. Today ministers are struck by an enemy. The treacherous evil is the lack of protection against the Central Bank.
Without protection against the Central Bank:
- unlimited damage and crisis occur. In a country, economic collapse is slowing down, as its central bank has lowered its basic interest rate. This approach has little effect and future high damage;
- the government is in a real trap. Ministers have the fate of victims. Now the more the ministers are working for economic growth, the more damage occurs;
- is the most secure condition for the prime minister's failure.
In the case of non-golden money, the practice of no protection against the Central Bank is a delusion of allegiance. Some people promote the utopia "It's always free of protection against the Central Bank." Under their influence, the government ignores the truth that the Central Bank ensures damage.
State error "Without protection against the Central Bank" is causing suffering to everyone. It is necessary to overcome the enemy. Sustainable development is achievable with protection against the Central Bank.
Ivan Mitev - economist
P.S. The translation from Bulgarian into English is done through Google.