From Market Oracle
''When banks employ improper practices and when governments make improper laws that shape the banking industry and the entire monetary system, what are the results? We get inflation, deflation, stagflation, booms and crashes, unemployment and, very often, needless wars. We get frictions with other nations, trade interruptions, and excessive volatility of asset and commodity prices. We get resources diverted into efforts to protect against this system. We get failures in accounting. We get excessive frauds and rampant speculation. We get malinvestment. We get extremely unhealthy alliances between financial institutions and governments.
We the ordinary people get a great deal of needless suffering.''
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