13 January 2009

Five reasons the Fed is obsolete

Jim Jubak explain them, here.

Sadly, Jubak, while pining away for a new financial system for a new global financial system is really pining away for a new version of the present system with it paper money, a system which, like the one which is obsolete, will nonetheless be based on credit.

That's what we need. A different sort of more of the same.


About Me

James Frank SolĂ­s
Former soldier (USA). Graduate-level educated. Married 26 years. Texas ex-patriate. Ruling elder in the Presbyterian Church in America.
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