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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: NOW who wrote (79388)5/22/2008 2:38:17 PM
From: JBTFD  Read Replies (1) of 116555
 
I could be wrong. Maybe you could point me to where he talks about the negative aspect of a central bank that is in private hands and privately controlled. (not just the negative aspect of government involvement in monetary policy)

Franklin knew about those negative aspects.
Jackson knew about those negative aspects.
Lincoln knew about those negative aspects. Etc etc.

I'm talking from the point of view of a layman who has only read a book of one of his followers, Murray Rothbard. What is presented there ignores the negative aspect referred to above and simply talks on an on from the strict libertarian point of view that it is government involvement that causes all the problems.

I think it naive to posit that if there were no government intervention than there would be no problems. The privately controlled bank would just find another vehicle to create their profit opportunities.

The Rothschilds knew early on that governments made the best debtors.
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