The song "Brothers in Arms" from Dire Straits' 1985 album begins with Sting's "I want my MTV." It was released two weeks after the signing of the Schengen Agreement. The music video, inspired by a store clerk in an appliance store, features early examples of Minecraft-like 3D animation. In 1985, Microsoft released Windows 1.0, Commodore launched the Amiga, Nintendo released Super Mario Bros., and the world's first "dot.com" website, "symbolics.com," was established. Reagan and Gorbachev met for the first time. Free trade agreements between Canada and the US, later becoming NAFTA, began. Halley's Comet reached its closest point to Earth, and the ozone hole was discovered. The Live Aid concerts and the song "We are the World" were released.

In neoclassical economics, which considers banks as financial instruments, money is created by the central bank, banks collect deposits and lend, and fiat money is created through the money multiplier. However, nowadays, it is acknowledged by central banks themselves that money is created out of thin air through lending by commercial banks. This fact, explicitly accepted in articles by economists from the Bank of England, the Fed, the Swiss National Bank, and the IMF, and in Keynes's 1930 book, still persists in the mainstream as the "80s model amphitheatre-type economics doctrine," a dogmatic belief that contradicts this. Except for Minsky's view, which considers investment (banking) and does not take the central bank policy interest rate as a reference funding cost, even Friedman and central banks now accept that central banks cannot control the money supply. In this case, according to the belief that "if the central bank prints money without backing, inflation occurs," if the central bank can print money without backing, then banks can also create money out of thin air by lending. If anyone can create inflation with M0, they deserve applause. And since M2 includes term deposits, the money created through lending has not gone to consumption but has already returned to the banking system.

According to the prosecutor's statement, Fed Chairman Powell was invited to comment on the building renovation budget three times, but chose to record a two-minute video and, in the prosecutor's words, use the phrase "while there is no investigation." Congresswoman Anna Paulina Luna, who complained about Powell to the US Department of Justice, will be speaking in July 2025. Aside from the 50 basis point cut for Harris before the election, the budget overrun and the renovation, which violated sworn testimony, are widely accepted. Norway, Sweden, and Denmark sent troops to Greenland against the US at their request. The central bank governors of Sweden, Norway, and Denmark also published statements of support for the US central bank governor. Don't laugh, it's not a joke, it's real. I've written about this before. The independence of central banks should not override the independence of treasuries. Moreover, the purpose of central banks was public and war financing. Now, with the Nobel Prize in Economics in 2024 commemorating the first central bank, highlighting the importance of institutions in the prosperity of nations, and the Nobel Peace Prize indirectly going to Trump, the Academy wrote, "The recipient of the award is clear, it cannot be transferred." If they truly believe in the importance of institutions, they should cancel this year's peace prize, or failing that, they should cancel last year's Nobel Prize in Economics in memory of the previous year's Nobel laureate.