patrick.net

I don't see the need for a central bank if a country simply uses silver and gold by weight as currency.

There are a few small countries without central banks:

https://worldpopulationreview.com/country-rankings/countries-without-central-banks

Andorra
Isle of Man
Kiribati
Marshall Islands
Micronesia
Monaco
Nauru
Palau
Panama
Tuvalu

Panama is the largest of those and simply uses the US dollar. So why couldn't it just use silver instead, and price gold in terms of silver? All countries would of course accept payment in silver or gold, so there's no problem of convertibility.

Eliminating central banks would eliminate almost all inflation, and prevent central bank corruption, such as tipping off friends to upcoming interest rate moves.

The above article is also interesting in that it says that the Rothschilds were essentially the unappointed but de facto central bank of many countries in the 1800's:

The Rothschild banking empire: The predecessors (but not secret controllers) of central banks

In the 1760s, a Jewish banker from Frankfurt, Germany named Mayer Amschel Rothschild founded what would eventually become a banking dynasty. From humble beginnings in the Jewish slums of Frankfurt, Rothschild would eventually establish banks in Frankfurt, Germany; London, England; Paris, France; Vienna, Austria; and Naples, Italy, with each bank headed by one of Rothschild's five sons. The family became known as pioneers and trendsetters in the realm of international finance, and were instrumental in aiding England and its allies during the Napoleonic wars of 1803-1815. At one point in the 1800s, the Rothschild family possessed the largest private fortune in the history of the modern world. For example, between 1895 and 1907, they loaned more than $450,000,000 USD (more than $13 trillion USD by 2022 standards) to various European governments.

Given their immense wealth and power, it's unsurprising that the Rothschild family was the subject of many conspiracy theories. One such claim maintained that the family secretly controlled the world's wealth and financial institutions, including the central banks of various countries. No evidence exists to support this claim, although significant evidence exists that it is a myth rooted in and fueled by anti-Semitism.

In reality, central banks are essentially a government function. As such, they would not be subject to control from a private family—even one as influential as the Rothschilds. In the 18th and 19th centuries, however, many countries had not yet established central banks, so the Rothschild banks fulfilled many of the functions that a central bank now carries out. Today, the Rothschild family is involved in financial services, real estate, nonprofit organizations, winemaking, and other fields.