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Comment: Great Peter and Cornel!
Great Peter and Cornel!
I love a good debate.
Peter is talking about the Free Banking Period of 1836-1861 and to a lesser extent the Gilded Age for 1872-1913.
Cornel correctly identifies the wounds to the economy created by the government sanctioned cartel with monopoly control of the money supply, independent of government management. The Federal Reserve System eliminated the free market and substituted the slavery of the purse.
Cornel is seeing the bandaids applied during the 1930s and beyond and sees they are failing.
Peter says let's get rid of the knife wielding Creature from Jekyll Island that is slicing and dicing the US economy for its own profit. All this is with the governments blessings.
I hope they continue this debate and take a wider view of history.
Free includes debt-free!