Wednesday, April 22, 2015

Why Should Westeros Have a Central Bank?

Adam Ozimek at Forbes has an article asking Why doesn't Westeros have a central bank? The article makes it clear that Ozimek believes a central bank to be a good thing, but he does not provide any reasons why. There is just an assumption that a central bank is a good thing, that the world of Game of Thrones would be better off with one.

Most laughable is the claim that the central bank is dedicated to the public good. In a utopian world, perhaps one could find a central bank that was dedicated to the public good, but in the real world, they are dedicated to the government and to cronies. Perhaps Ozimek ought to familiarize himself with Public Choice theory. Then he would dispel any notions of the public good being served.

1 comment:

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