moonbat1775

America Needs a Turnaround Plan

gramps2, I like what you say.

Why is our financial system UNSTABLE? I can't believe it is lack of regulation. As long as a financial system is honest, it should be stable. But ours isn't, hence it is DISHONEST. Ludvig von Mises, F.A. Hayek, and Murray N. Rothbard traced the boom-bust cycle to the government backed fractional reserve banking cartel. Does "government backed cartel" sound like the free market?

The solution is to remove government privilege for bankers and any other business for that matter.