Trading Newsletter for Gold, Silver, Stocks and Mini Indexes
In the article linked below, Mises Institute’s Frank Shostak has exposed the toxic asset cleanup for the brazen fraud that it is. Either out of Krugman-like ignorance, or cynicism, or a combination of both, the plan’s authors have failed to distinguish between savings and credit as the source of new lending. Once again, Shostak has pointed out to his benighted colleagues that the Emperor is wearing no clothes.
Link: Would Cleansing Banks’ Balance Sheets Kick-start the US Economy?
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