Wednesday, October 5, 2011

The Myth of Constitutional Money

All this doubtless sounds good. But here at DB, we've always argued against the idea that Washington DC, or even states, should print money and distribute it, presumably through banks. It's a kind of elite-driven dominant social theme in our view, though one, we've granted, that might be a bit better (at least in the short term) than what we've got now ...
The trouble is that, contrary to arguments of the public money crowd, the Anglosphere elite that wants to run the world probably doesn't much care where central banking is lodged so long as it exists, or not at this point anyway. By now governments are in their collective pocket. Public, private or standing on its head, the very presence of central banking in any form may guarantee its continuing abuse by the same crowd of controllers.

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