Wednesday, September 24, 2008

I Quite Like this Idea

From Cactus at Angry Bear comes this "immodest proposal"
So I propose letting the public bank at the Fed, just the same way banks bank at the Fed. I'm not proposing banks be made illegal - if they can find a way to operate without having a getting privileged access to the Fed, wonderful. That's free enterprise and it should be applauded. But the current system, where banks get privileged access to the Federal Reserve is rather unfair, and its been that way since long before this mess began.

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