"Krugman, Stiglitz, old man Samuelson, Volker, Martin Wolf, Roubini."
They are all guilty of supporting fiat money and fractional reserve banking. The economic crisis we are now suffering is a direct consequence.
Further, you can't become a celebrate economist standing against the current system. Hey, even the Nobel Prize in Economics is given not by the Nobel Foundation, but by the banking industry, who pay the foundation an administrative cost to be associated with it's name and ceremonies.
All of the cards in this house may not fall down this time, but they will at some point. Do you wish that on your kids or grand kids?
Look, I know it makes no sense to suddenly move to hard money and away from fractional reserve banking, but can't we entertain the idea of doing so over two or three or more generations so as not to not hurt ourselves in the process? |
