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Other central banks are less competent, less independent, more political or corrupt, and most importantly cannot undo the errors of their sovereigns, such as autocratic nationalism, and running economies that are overly dependent on a commodity.
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Around the pyramids of their sovereigns, the Old Kingdom (c. 2575 c. 2130 bce) nobles were buried in mastabas.
European financial institutions hold more than half a trillion dollars worth of their sovereign debt.
Nearly every country in the world held some portion of their sovereign assets in accounts at the New York Fed.
They quickly learned the error of their ways.
Only in retrospect was the error of their thinking obvious.
They saw the error of their ways and evolved.
Both Husain and Nawaz saw the error of their ways.
But their good intentions may have lulled African countries into abdicating some of their key sovereign duties.
The tribes of South Dakota have always been strong advocates of their own sovereign status.
The pregnant women are directly and totally at the mercy of their own sovereign decision.
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