06-14-2016, 12:11 AM
(06-07-2016, 08:41 AM)playwrite Wrote:
At some point, even the most dedicated sailor needs to abandoned a sinking boat - and the USS Libertarian has been underwater for years. What so sad is, that over all these decades, it never left the dock - even the Titanic was operational for a few days.
![[Image: reserves%20and%20lending_zps4waouzys.png]](http://s405.photobucket.com/user/playwrite2/media/reserves%20and%20lending_zps4waouzys.png.html)
You mean the fundamental mistake of ZIRP and QE. Truth is, given the high levels of both public and private debt I would expect this graph. Everyone is all borrowed up so I would not expect loans to keep in step with the money printing. Don't expect any kind of recovery until the bust cycle that started in 2008 is allowed to complete.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises