Bank runs should be welcomed, a free market think tank saysgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
WHO'S AFRAID OF A RUN ON BANKS?
A free-market think tank flouts conventional wisdom. Y2K bank runs should be welcomed, the group argues.
March 17, 1999
-- Declan McCullagh (firstname.lastname@example.org), March 17, 1999
gadzooks! if mr. rockwell is right about the deflation followed by hyperinflation, then it may be time to buy I-bonds, you know, the inflation-indexed government bonds.
-- jocelyne slough (email@example.com), March 17, 1999.
If nothing else, a lot of people will suddenly become aware what a scam the "fractional reserve" money system is.
OK, OK, so I'm unduly optimistic about the intelligence (the ability to recognize that "A is A") of the average schmuck.
Stupid as cats are, they at least learn that burned once on the stove top, to avoid it.
-- A (A@AisA.com), March 18, 1999.