2.19.2009

The New Depression

This article starts off well enough, but it goes off the rails. The problem is not “unregulated capital.” There are volumes of regulations related to capital and we don’t need an additional Soviet Ministry of Money Rules. The problem is the composition of the capital in the first place. The problem is the arbitrary ability of governments to print money out of thin air.

Restore sanity to money and skip the Neo Soviet tendencies that are emerging from essentially the same people who created this mess in the first place.

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