moonbat1775

Credit Markets and the Price of Gold

"It's unfair to just say that the banks were the irresponsible ones when the whole nation is in debt with a negative savings rate." - Adam

There are prudent thieves and unwise thieves but FRB is a license to steal via inflation. Plus it artificially lowers interest rates thus discouraging saving and encouraging speculation and consumption.

Let's not blame the people until the government backed fractional reserve banking cartel is abolished.