But to get back to the original point, I don’t have any great problem with the fractional reserve system in general. But I have a big problem with the manner in which it has been administered – problems exacerbated by the likes of Greenspan, Bernanke, Summers, et al. But let’s not confuse the two issues. And, more on topic, none of this has anything to do with the legitimacy of Edward Griffin. In this debate, both Greenspan and Griffin can be quacks. It’s not a mutually exclusive condition.[/quote]
I am glad that you have reached this conclusion. Becasue
My Point is this…….Power corrupts and absolute power corrupts absolutely. The entire money printing system is thus out of joint and needs to be changed.
By the way most of the Economic papers I have read use Scientific evidence. And while “discovery of priciples” those priciples are only valid if they can predict outcomes.
