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Hooray! (lemmy.dbzer0.com)
submitted 3 months ago by to c/aboringdystopia@lemmy.world
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[–] 2 points 3 months ago* (last edited 3 months ago) (2 children)

Budgeting I totally agree should be democratic. monetary policy is a whole different matter.

Since you are a ml person I recommend checking out how China and the Soviet Union do/did monetary policy. Small group of centralized well informed people.

https://en.wikipedia.org/wiki/Monetary_policy_of_China

https://archive.org/details/monetarypolicyin0000naka/page/n10/mode/1up

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  • [–] 2 points 3 months ago (1 child)

    And obviously none of this would work without some sort of revolution and a "restoration" and a massive education campaign about how the economy can work to serve the people.

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  • [–] 2 points 3 months ago

    I think after such a successful education the vote would be to let a small group of highly educated informed people manage monetary policy. Like small small changes can flatten potential for material growth or just destroy all savings.

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