Sunday, March 30, 2008
Yves Smith on Paulson
Yves Smith has an excellent post you should read on Hank Paulson's proposed "reform" plan at http://www.nakedcapitalism.com/, 29 March 2008. I couldn't have said it better. Paulson's plan reminds me of something Amsel Rothschild said in 1838, "Let me issue and control a Nation's money and I care not who makes its laws". Paulson's proposal is: arbitary monetary control, free of any law. For whose benefit?