[x]Blackmoor Vituperative

Friday, 2009-02-20

How to wreck an economy

Filed under: Society — bblackmoor @ 14:25

“If this crisis proves nothing else, it proves you cannot help people by lending them more money than they can pay back. […] it should give us pause in responding to the financial crisis of today to realize that this crisis itself was in part an unintended consequence of the monetary policy we employed to deal with the previous recession.”

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