| http://www.w3.org/ns/prov#value | - In my opinion, one of the reasons we do not see a Great Depression or a Great Recession before the era of central banking is because the profit incentive leads banks to expand in a timely manner to changes in velocity.While you are correct in your assertion that central bankers do not have to worry about profitability, I think you overlook how that can wreak havoc on a nations economy.
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