Friday, March 20, 2009

Pesto: Back to the nineteenth century?

Back to the nineteenth century?

Pesto slates the whizzkids - predicts less inflation due to less credit..... One way would be to shrink our banks so that they could be funded wholly by domestic deposits and savings - but that would lead to such a severe contraction in the availability of credit as to impoverish us for some years.

Posted by mrb @ 08:18 AM (616 views)
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