Originally Posted by Peterw
What I'm getting from this Beingist is that it seems like you want the national debt problems to be the fault of the banks and are looking for any ways to connect government spending with corporate greed.
They're both very bad things but are not one and the same. The debt problems that Europe, UK, US are facing are down to governments spending more than they should for years and now it's come home to roost.
No, Pete, I understand that governments have been spending way too much money, but I also understand that they've been borrowing way too much of money that has to be printed, and the Central Banks have been more than accomodating to this end.
I also understand that no paper currency has ever withstood the test of time, that the founding fathers of the U.S. hated it, and that if the Central Banks didn't print so damn much of it, Europe and the U.S. wouldn't likely be in the mess it's in. I'm not saying the Central Banks are entirely at fault. But, if one wants to say that they're "the government", then they can't say, in the same breath, that they're entirely blameless for the debt crises these "governments" have created.