Meathead
1 Jul 2013
Travel / Just visited Poland - here is my random rant [154]
Her opinion is correct. This is why Jefferson and Jackson hated banks and bankers, they use the money supply and interest rates to instigate recessions because there is a moral hazard with the middle class and poor having access to money. Of course there is never a moral hazard when it involves the wealthy and very wealthy, for some reason that never applies to that group. Recessions and depressions devastate the poor and middle class, and only benefits the very wealthy.
Your opinion is wrong.
Her opinion is correct. This is why Jefferson and Jackson hated banks and bankers, they use the money supply and interest rates to instigate recessions because there is a moral hazard with the middle class and poor having access to money. Of course there is never a moral hazard when it involves the wealthy and very wealthy, for some reason that never applies to that group. Recessions and depressions devastate the poor and middle class, and only benefits the very wealthy.