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Posted on 10.14.08 by Thomas L. Knapp
“Here’s the core problem of the gold standard idea. It is indeed the best path. But the people charged with implementing it will invariably be the very people who have caused the current problem, and have the least incentive to change the system. We’ve seen in the last several weeks how these people are willing to blow up the world rather than face liquidation. So the question becomes: how can we take steps toward sound money and banking without depending on the goodwill of the officials in charge?” (10/14/08) Link: http://www.lewrockwell.com/rockwell/positive-program-for-money.html Filed under: RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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