236. Very interesting article on money

September 1, 2009 § Leave a comment

Much written, like Frozen Desire,  and this is good

.In response to this crisis, the only political response (by Obama-Geithner-Summers over here and Brown-Merkel-Sarkozy over there) is the attempt to restore faith, to shore up the credit systems by making governments the bank of last resort. Sadly — or happily for the politicians — people have short memories and their momentary crisis of faith is washed away in the waters of forgetfulness and overcome by a relentless will to believe

via Coin of Praise – Happy Days Blog – NYTimes.com.

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You are currently reading 236. Very interesting article on money at Reflections on GardenWorld Politics Douglass Carmichael.

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