Too bad the era of central banks isn’t over. Believe it or not, society can function without them. From Charles Hugh Smith at oftwominds.com:
Central bank gaming of Finance is the source of instability.
The era of all-powerful central banks is over for a simple reason: they failed: they failed their citizens, their nations, and they failed the world. Their policies have pushed wealth and income inequality to extremes that have destabilized the planet’s social, political, economic and environmental spheres.
As I have endeavored to explain for many years, this is the only possible outcome of central bank dominance. Once Finance becomes the primary mover of everything else, then it distorts everything into a skimming machine that benefits the few with access to central bank funding at the expense of everyone else.
Once finance dominates, then both the “market” and government become servants of finance. I say “markets” because once markets have been financialized, they serve the interests of cartels and monopolies and cease to be markets at all.
Government, regardless of the advertised “brand”, becomes an auction where the highest bidder gains control of governance and regulation, which are bent to serve the interests of the few with access to central bank largesse.