the_duke_of_hazzard Posted October 7, 2008 Share Posted October 7, 2008 Anyone seen this? http://news.bbc.co.uk/1/hi/world/americas/7657842.stm He tries to explain why lending is good. The more I listen to these explanations the more I think the "fiat money doom-mongers" are right. I don't see what's wrong with banks restricting lending, especially when it's been reckless in the recent past. Lending hasn't stopped note, it's just been restricted. Why does it result in a total collapse? Surely it only matters if the system itself was rotten in the first place, and the money was never really there. Sorry for starting another one of these money threads... Quote Link to comment Share on other sites More sharing options...
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