Re: Thoughts on Something Milton Friedman Said
Also whilst we are on this subject.
If the State is only interested in its maintenance of power over civil society, then creating fiat money and then saying, there you go boys get on with it, seems like the dumbest move ever. If I was the state I would regulate that fiat money fooking hard as fook in every possible way. No way would I allow present levels of leveraging. No way would I allow derivatives to be as unregulated as they are.
Ok the sheeple may be made happy by buying much more than their actual wages can afford, but that chicken comes home to roost and then [censored] all over the porch. Then the sheeple will get angry and blame the politicians, when it was in fact the banking system that fooked them and will now benefit.
It seems to me like there has been a shift in power since the last depression with the Banking system learning its lesson. They dont want to be the ones jumping out the window next time. They stand poised to take complete ownership of UKplc.
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