By Larry Chiang
Zero wonder to me why the cofounders of America resisted having a “central ‘bank’â€
bank is in quotes because the Fed is not a bank. It’s the Creature from Jekyll Island
“The main point to make: the Fed is the state, it is not capitalism.â€
–Balaji S. Srinivasan (@balajis)
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Balaji S. Srinivasan (@balajis) |
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The main point to make: the Fed is the state, it is not capitalism.
Printing money is a form of taxation. Bailouts are redistribution. Neither are wealth creation. We’ll need a muscular form of autarkic capitalism by small businesses & big companies alike to rebuild America. |
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Creature from Jekyll Island is a group of senators and congressmen who met in secret to again attempt to pass legislation to make up a Federal Reserve bank.
Europe had a lot of central banks. They do not do the citizens any favors.
Printing money is a form of taxation. Bailouts are redistribution. Neither are wealth creation.
– Balaji S. Srinivasan
They do not teach you in school about money.
In business school, They Don’t teach you about sales, entrepreneurship or reading people.
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