A time to praise central banking?

This is truly an awful op ed from today’s WSJ. I am hoping that a bunch of us can write Letters to the Editor, so maybe one of ours will get published. The writer claims that our periodic banking panics are the fault of Thomas Jefferson, because he didn’t understand commerce and hated rich people, and thus killed (through his disciples) a strong central bank that could prevent crises. Oh, the writer also explains Jefferson got these weird views because he grew up on the backs of slaves….
Original Source: blog.mises.org

  10 Octubre, 2008| Economy | @ 19:52

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