Michael Foster wrote: > > Yes, Richard, it's appropriate that you should call this voodoo economics, > because that's what it is. That's as opposed to the time that George H.W. > Bush > called the Laffer curve by that name. Arthur Laffer was completely correct > and > there are thousands of years of history going back to Hamarabi to prove it. > But > what we've been living with even since before the creation of the Fed is the > Bank of England model. Benjamin Franklin tried to save us from this, but his > intentions were more or less overwhelmed by the young, brilliant and more > energetic Alexander Hamilton. What we are all living with, Keyensian or not, > is > money created as debt. > > The average person hasn't the remotest idea what money is, what a bank does, > or > that the Federal Reserve in not a government agency, but a private company > with > stockholders ...
Hi All, An important thing that Lincoln and JF Kennedy had in common: They both issued treasury notes bypassing the private bsnks. Lincoln's notes were called greenbacks. Just another theory of history, but it makes more sense than the imminent revelation of contact with aliens as a reason for assassination. After all, they almost managed to whack Andrew Jackson -- now there was a guy who could survive under fire. Jack Smith
