Comment: Read Ingo Bischoff's feedback.

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Read Ingo Bischoff's feedback.

The feedback from Ingo Bischoff at the bottom of the page is well worth reading. Personally I believe he has hit the nail on the head. He reflects the thinking of Professor Antal Fekete on the subject of the FRS banks and how they are consolidating banks and destroying capital with their QE issuances. In short they are destroying industry not themselves. He also provides the solution to the quandary that looks a lot like Dr. Paul's solution although he does embrace the concept of Real Bills which the American Austrians do not.

It is likely I believe that the madness of the private equity funds like Bain Capital that generated efficient (i.e. debt laden) balance sheets for so many companies during the Clinton and Bush I and II years have greatly contributed to this destruction of capital. This, it appears to me, was a deliberate strategy to set companies up for take-over by larger corporations.

Because this kind of thinking is not accepted by the American Austrian School Ron Paul has missed the contribution that Romney has made to the collapse of the American economy. I believe Professor Fekete has described the difference between the two Austrian Schools rather well in this article:

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)