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Reforming the banking system?

Sep 23, 2009 2:16 am

re: re: re: re: re: re: re: re: re: Reforming the banking system?

Thomas Holford

Thorbjoern sayeth:

"Assuming they all ran deficits since Reagan, all on the myth that growth would pay for them eventually, which just about everybody was happily buying into, this would even strengthen my argument that something needs to be done about that particular assumption, would it not?"

If you argument is that "growth" is the problem that requires reform of the banking system, then no, I don't see how this strengthens your argument.

The problem is not "growth", it is lack of honesty.

T. Holford

Private Reply to Thomas Holford (new win)

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