Oddbean new post about | logout
 So in your communist world, nobody can get capitals, nobody can get credit? Nobody can start a business? They have to work for you and live like a peasant. 😂 
 They can, and who lends money will go bankrupt sooner or later. It simply does not work. That's why banks create central banks, to socialise the loss. Without central banks and with sound money, lending money simply does not work. 
 And it's not communist when people have to really work to get money, but practically no one will lend money.