economy

Thomas Jefferson on Private Banks

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson

I wonder if that quote is legit.  I suppose it doesn’t really matter.

Fed’s Fisher sees signs of excessive liquidity

Fed’s Fisher sees signs of excessive liquidity http://www.reuters.com/article/2011/03/25/us-fed-fisher-idUSTRE72O2UP20110325

And your fundamentally sound business STILL cannot get an operating loan to allow you to breathe just a bit easier? Or a capital loan, even though you have a backlog of demand? Banks continue to cry the blues.  And there is no material basis for all their whining.