Fiscally Conservative, Socially tolerant, Anti-War
Small decentralized entirely private banks, with strong regulation to stabilize, prevent fraud, etc is where it SHOULD be.
I guess that there was a 40-50 year run in the 19th Century in which we basically had totally private banking (wildcat baking) and while it certainly wasn't perfect, the downturns were brief and the recoveries robust.
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Small decentralized entirely private banks, with strong regulation to stabilize, prevent fraud, etc is where it SHOULD be.
ReplyDeleteI guess that there was a 40-50 year run in the 19th Century in which we basically had totally private banking (wildcat baking) and while it certainly wasn't perfect, the downturns were brief and the recoveries robust.
ReplyDelete