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Proposal: National Stock Indexes Gradually Replacing Inflation Monitoring
For centuries, most governments have "controlled their currency", because most governments foresee the need to do so in emergencies. The list of government rulers who then manipulated the money supply for unauthorized purposes is a long one.
The stock market is getting top-heavy, but it usually requires some sudden shock to start a crash. Stockholders are ready to pile up at the exit door, but it requires a shock to start a stampede.
Originally published: Monday, October 01, 2018; most-recently modified: Friday, May 10, 2019