Thursday, March 12, 2009

City insiders tell it like it is

City Diaries

Excerpt: "Until the debate moves on to what caused the bubble in the first place, namely the paper money system itself, Brown and any other leader will be condemned to produce new booms and busts by printing more money and stacking up more debt, exactly the two things that got us into this mess in the first place. What makes us City folk despair is that politicians of all colours - Brown, Bush, Obama - just can't see this and so it goes on, the familiar pattern of needing to "do something", increasing debt further and laying the seeds of the next crisis when the new bubble pops."

Posted by sneaker @ 11:52 AM (634 views)
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One thought on “City insiders tell it like it is

  • All fine and dandy. What is the alternative to paper money?

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