editec
Mr. Forgot-it-All
- Jun 5, 2008
- 41,421
- 5,672
I don't totally disagree but the government bailing out banks that screwed up is not the answer.
No agument there. I have repeatedly outlined the way I'd have structured this fix and it does NOT bail out the banks.
What's going on here is that I find myself agreeing with the Austrian school about the basics of economics, but disagreeing with them about their VERY FIRST PREMISE.
Now I read that entire article, and it is chalk full of profoundly RIGHT ideas.
Sadly they START out with a lie...that the GOVERNMENT is running things.
It isn't!
The government is the handmaiden of the banks, and this FIX is prooof positive of that fact.
Why the Mises institute overlooks that obvious fact I cannot say.
But they do over and over again.
They continue blaming government (the FED) by pretending that goverment is run by people who have NOTHING to do with the banking community itself. The FED is a creature of the banks, folks. It was created for bankers BY bankers and it is run BY bankers for BANKERS,.
So...what that Misis piece is, despite how right it is on so many issues, is really is is a WHITEWASH of the REAL CUPRITS....the privately owned banking community.
tyhese BANKS fucked up, folks.
True they did it with the help of the FED, but the banks dominate the thinking AT the Fed.
Last edited: