"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Funny Money
Submitted by Michael Dunn on Wed, 2011-09-14 00:00
in
"Orthodox economists and those with vested interests in maintaining the financial status quo often refer to any scheme that challenges that orthodoxy as ‘funny money’. In a way the term is apt: there have been many examples of states and communities that have been saved from ruin by innovative systems. Hence, they have reason to be happy. The present system of debt finance however, is anything but ‘funny’; in fact it is darn right miserable."
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