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To: Dick Bachert
In the judgment of the Committee, that is a trust which it is unreasonable to expect that the Directors of the Bank of England should ever be able to discharge. The most detailed knowledge of the actual trade of the Country, combined with the profound Science in all principles of Money and circulation, would not allow any man or set of men to adjust, and keep always adjusted, the right proportion of circulating medium in a country to the wants of trade.’

So we've known this for the past 200 years but somehow we keep thinking we can avoid reality?

8 posted on 01/06/2011 7:55:47 PM PST by garbanzo (You better hold on; This one's about to get bumpy.)
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To: garbanzo

Some folks simply cannot resist playing god.

And, sadly, the rest of the folks, busy with their own lives and convinced that these brilliant folks have some special wisdom or knowledge, let ‘em!


11 posted on 01/06/2011 8:01:47 PM PST by Dick Bachert (2012 CAN'T COME SOON ENOUGH FOR ME. HOW ABOUT YOU?)
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