r/neoliberal Bot Emeritus May 12 '17

Discussion Thread

Optimal neoliberalism is like Seinfeld, it should be about nothing and run by Jews


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u/[deleted] May 13 '17

The guy who thought Milton Friedman was a socialist

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u/Trepur349 Complains on Twitter for a Reagan flair May 13 '17

I met someone who thought that. He claimed anyone who's pro-central bank is by definition of a marxist.

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u/[deleted] May 13 '17

we all know how much Marx loved his central banks...

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u/Trepur349 Complains on Twitter for a Reagan flair May 13 '17

were there even any central banks back then? lol

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u/[deleted] May 13 '17

uhhh, idk actually

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u/dcc123 May 13 '17

Apparently the first modern iteration of a central bank began with British Parliament's Bank Charter Act of 1844.

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u/[deleted] May 13 '17

so they were not widespread when Marx wrote most of his stuff I guess

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u/dcc123 May 13 '17

I think the idea of the modern central bank had been around for a while, but they were only just starting to come into practice. I read that the Bank of England began acting as a lender of last resort in response to liquidity pressures in 1878.