tag:blogger.com,1999:blog-4169740113013066976.post3354498842199346876..comments2024-02-10T12:12:06.028+00:00Comments on The Real Blog: Naming the ThingDavid Boylehttp://www.blogger.com/profile/11410159311875228620noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4169740113013066976.post-18844298337063815512009-03-21T13:55:00.000+00:002009-03-21T13:55:00.000+00:00Oh for Heaven's sake David, it's not the Thing, it...Oh for Heaven's sake David, it's not the Thing, it's fractional reserve banking, as you well know. Put more simply, it means that OUR money is controlled and issued (as debt) by those pesky private profit-seeking banks. Bring on 100% reserve banking, and an MPC-type outfit to decide how much new money needs to be 'printed'. We can then debate how OUR new money should be spent: Propping up bust banks, on public works or best of all; fructifying in the pockets and purses of the citizenry?Anonymousnoreply@blogger.com