[lbo-talk] Baseline Scenario on Bill Moyers'

Shane Mage shmage at pipeline.com
Sat Feb 14 06:20:37 PST 2009


On Feb 14, 2009, at 7:10 AM, Charles Turner wrote:


> <http://www.pbs.org/moyers/journal/02132009/watch.html>
> I think we agree, everyone agrees,
> we don't want the government to run banks in this country.
>
> BILL MOYERS: Never done it before.
>
> SIMON JOHNSON: Never done it before. It's not gone well anywhere in
> the
> world.

Not so. State-owned Postal Systems in many countries, including the US, have run banks that worked so well that private capital did all in their power to destroy the "unfair" competition. Japan since Koizumi is the current poster boy for such looting.

Shane Mage


> This cosmos did none of gods or men make, but it
> always was and is and shall be: an everlasting fire,
> kindling in measures and going out in measures."
>
> Herakleitos of Ephesos



More information about the lbo-talk mailing list