Mike wrote:
"But, I have had an idea...Hmmmm (another crank?)
Let the Goverments of all countrys start printing money !
And actually hand it out to people, FOR FREE.
According to this rough and (very) basic idea."
Hasn't this wonderful, and basically appealing idea, been tried recently in Zimbabwe, and also by many bankrupt regimes around the world? It doesn't work because the modern situation means that we have to involve ourselves in international trade and there will always be a country whose currency will not be similarly devalued. Like barter, its day is gone. Perhaps instead we should go back to the Gold Standard!!!!
Personally I am drawn to the idea of the government having a supervisory role in banking, if not outright ownership. It was the suspension of the various financial regulations that caused this mess. Unbridled capitalism is as dangerous as unbridled communism! Bring back rules, curtail exessive credit dealing and reward saving I say!
Last edited by Ellis; 02/01/09 11:43 PM.
