Money was never meant to be a political tool.

Before central banks, banks that took reckless risks failed. Depositors punished bad behaviour. Governments were constrained by what they could tax or borrow honestly.

Central banking changed all of that.

In this episode of Taxed & Taken, we expose how central banks became the engine of permanent inflation — and how money creation by decree turned inflation into a hidden tax on ordinary people.

We explore:

• Why governments and banks needed a lender of last resort

• The creation of the Bank of England and the birth of central banking

• How central banks create money through credit and bond purchases

• Why bailouts privatise profits and socialise losses

• How inflation quietly transfers wealth from savers to governments

• Historical examples from Britain, the United States, and modern crises

From World War I to COVID, the pattern is always the same:

short-term relief, long-term inflation.

Central banking didn’t remove instability — it institutionalised it.

In the next episode, we take the mask off inflation itself and show why it is the most powerful political weapon ever created.

If you found value in this episode, like it, subscribe, and share it — because the more people see the truth, the harder it is for the system to hide.

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Until next time —

stay informed,

stay independent,

and stay free.

Get full access to Taxed & Taken: Money, Power & Freedom from the State at patelankeet.substack.com/subscribe