Grist for The Money Mill

Okay, there hasn't been much activity here. I find most LJ communities thrive when the topic of their discussion is less in the news. Still, there is an aspect of monetary policy and discussion that can be corrected; that part that is wrong. Not wrong on opinion (that's pretty much impossible), but wrong on facts.

And one cannot come to any decent opinion without at least knowing the facts. Let's start with ( how banks create money. )

"All the perplexities, confusions and distresses in America arise not from defects in the Constitution or Confederation, not from want of honor or virtue, as much as from downright ignorance of the nature of coin, credit and circulation."

(John Adams, in a letter to Thomas Jefferson.)

X-Posted to the_recession.