To: Vet_6780
“Every dollar of debt destroyed means that 8.65 dollars of money supply are lost due to the reserve ratio.”
Which means that those such as Dave Ramsey who preach the elimination of personal debt are economic subversives.
109 posted on
09/28/2008 5:32:14 AM PDT by
RKBA Democrat
(Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
To: RKBA Democrat
"Which means that those such as Dave Ramsey who preach the elimination of personal debt are economic subversives."
Dave Ramsey is incredible. Followed his advice and got out of debt. One of the best things that I have ever done.
He has some strong words about this bail out -
Dave Ramsey's Thoughts About the Economy.
111 posted on
09/28/2008 5:38:41 AM PDT by
j_k_l
To: RKBA Democrat
Excellent point. There is no reason to get rid of debt now as far as the economy goes. Money going to money heaven is so leveraged it has a unreasonable magnification on the real world. Sad state of affairs.
139 posted on
09/28/2008 6:42:12 AM PDT by
mad_as_he$$
(Never mess with an old man, he will just kill you.)
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