File this under Yup: “The Myth That Central Banks Assure Economic Stability”

Not only is there no such thing — private or pretend-otherwise — as a legitimate central bank, the vast majority of economists conflate the economic history which they call Macroeconomics and actual economic theory (recall that there is no such thing as public policy because no meatspace avatar or group of individual meatspace avatars could ever possess the requisite authority to create even one binding law … and recall as well this Ludwig von Mises quote containing an unfortunate passive-voice sentence: “There is economics and there is economic history. The two must never be confused.”).

https://www.fff.org/explore-freedom/article/the-myth-that-central-banks-assure-economic-stability

The doctor posted this entry on Day 582 of WWIII