The Ecology of Freedom -
The Emergence and Dissolution of Hierarchy by Murray Bookchin
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Sunday, 25 May 2014
quote [ Tiberius finally met the crisis by suspending the land-investment act and distributing 100,000,000 sesterces to the banks, to be lent without interest for three years on the security of realty. Private lenders were thereby constrained to lower their interest rates, money came out of hiding, and confidence slowly returned.* ]
http://www.fourmilab.ch/fourmilog/archives/2008-12/001089.html
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Comments
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satanspenis666 said @ 5:29am GMT on 25th May
Damn you Obama! You ruined the economy of 33AD.
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lilmookieesquire said @ 10:42am GMT on 25th May
First guy's comment:
"Soothsayers would foretell the future by studying the entrails of freshly killed animals. Apparently quite successfully because being wrong meant death. Contrast that with the the "never right but always positive" "economists" of today." Zing! |
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HoZay said @ 11:57am GMT on 25th May
[Score:1 Underrated]
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rhesusmonkey said @ 4:42pm GMT on 25th May
You can't have a Con game without the illusion of Confidence.
Remember the 2008 bailout was to "restore confidence" in the US banking system, and the government forced all banks to accept funds even if they didn't need it so as to maintain confidence of borrowers in those that did. Massive shell game, and the lovers are the middle class. |
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satanspenis666 said @ 4:29am GMT on 26th May
Except all the banks that took the bailout money DID need it. Do you really believe the story that the banks told investors, "we took the money but didn't really need it"?
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