Jimmy on Nostr: Ok but isn't then a logical conclusion that one should eliminate central banks, and ...

Ok but isn't then a logical conclusion that one should eliminate central banks, and not banks or the mechanisms by witch credit money is created. There is obviously useful purpose in such scheme, to allow people to start a bussiness when there is no one to give them money for it. E.g. there is one bakery in the city i want to open another one, obviously there is a need for more bakaries, I take credit, once i return it i do not have to share profits with investors. And everybody is happy because the price of bread goes down.