Measures for an Economic Recovery …

18 Feb

Measures for an Economic Recovery:  But will they Work? … ran this video on the history and politics of the Federal Reserve last week.  Very interesting program to be sure, but I question some of its recommendations.  Will returning to a gold standard actually benefit the country economically, and who actually has the most to gain by abolishing the Fed, going back to so-called “sound money” and enacting similar measures?  Will any of this really work to bring about an economic recovery for the U.S.?  … I really wonder about all this.

The LaRouche people propose a different approach to the issue: the imposition of a Hamiltonian Credit System and return to a National Bank.  … Maybe that’s not the answer either, but it could be a step in the right direction. “Money” it seems is what got us into this problem in the first place.  Perhaps “credit” (that is, a new credit for the 21st century) can get us out of it.

Time will tell.


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