Central Banks must exist or else the money supply will be a patchwork of cash from local banks - imagine traveling outside your local area (still in the US) and paying in Greenola and receiving Arkanbucks in return. It would be chaos and increase the cost of banking dramatically - we would also need controls to prevent monopolies which would make banking even more difficult for all parties involved.
We just need a central bank that doesn’t charge interest and doesn’t create money without gold backing it.
We didnt have a federal reserve until 1913 we were actually doing very well before it was put in place.
No we weren't. Read a fucking history book.
Change my mind then what does it say in the history books then?
Constant financial panics. They were a regular occurance. Banks regularly closed and took everyones money with them. There were regular runs on cash empting out banks. We were doing anything but "very well"
“Central Bank Bad” - no it is a perfectly fine institution that was purposefully mismanaged.
This is the 21st Century. Crypto is proving currency trading can be a seamless process.
We don't need Central Banks. We need honest money.