Jesse's Café Américain

"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994

Showing posts with label narrow banking. Show all posts
Showing posts with label narrow banking. Show all posts
20 February 2009

Volcker's Vision of a Return to Narrow Banking

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A return to 'narrow banking' is in the cards. This is the kind of bank which takes depositors funds and originates and services loan...
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