Recession

Posted: December 27, 2009 in Economics

Excellent discussion of the problems leading to our current economic downturn:

http://www.claremont.org/publications/crb/id.1662/article_detail.asp

One important thing Keller failed to mention was the inherent dangers of fractional reserve banking for our economy.  While it’s unlikely we will ever go to full reserves, we definitely need to move to higher reserve requirements for banks.

Vern

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s