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post #12 of (permalink) Old 07-14-2011, 01:14 PM
With extra cheese.
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It's become quite the popular ideal that rather than savings, investment, prudence and disciplined credit creating economic growth, it is instead created by debt, spending, inflation and distorting risk.

The Federal Reserve should be abolished if it is not acting in the indepedent capacity it originally was intended to function in. It is not another branch of government, its responsibility is the integrity of the Dollar, first and foremost.

As a point of information, FDIC insured banks in the United States (the FDIC being another way the government distorts risk) are required to keep a 10% fractional reserve on cash on deposit accounts.
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