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The Social Imperative of Sound Money
Posted: Mon Sep 15, 2008 6:19 pm
by Grzyadms4x4
Here is another link to another story which explains pretty well why our economy and monetary system are bad. It's worth a read.
http://mises.org/story/3108
Posted: Fri Sep 26, 2008 3:17 am
by Grzyadms4x4
BTT
Considering our current economic fun, might be a good time to check this stuff out.
Posted: Fri Sep 26, 2008 11:48 am
by southwestwalkers
Hey, Zach grab your gun and them hounds and get hunting boy
What's new... hope your doin well
Robb
Posted: Sat Sep 27, 2008 10:37 am
by Kevin D
Here is my problem of leaving it to the markets to solve the current economic crisis as the author in Zach's article seems to adovocate, you end up with an economy similar to the one we had before the 1930's with violent booms and busts of the business cycle. The case for government intervention in the economy is to act as a stabilizing force to smooth out the highs and lows of the business cycle......something that it has done amazingly well for the last 75 years. Since the creation of the Federal Reserve Board, we've never had a period of negative economic growth.
That is not to say that we have a perfect system or that mistakes weren't made, but just because we had a glitch in the system is no reason to throw out the baby with the bath water. One of the things the author fails to mention is that a lot of the mess that we're in today can be traced back the banking
DEREGULATION of the 1990's. And the author adocates more??
Sorry, but the dude's an idiot.