Short history of banking

Greetings, loyal minions. Your Maximum Leader always enjoys the Wall Street Journal opinion pages. They have thoughtful commentary and are almost always educational.

To wit: today’s piece by John Steele Gordon entitled “A Short Banking History of the United States.” In the piece Gordon lays the blame for the current financial crisis squarely at the feet of the responsible party… Here is the quotation:

How could the richest and most productive economy the world has ever known have a financial system so prone to periodic and catastrophic break down? One answer is the baleful influence of Thomas Jefferson.

Read the whole piece.

Although your Maximum Leader doubts that either John McCain or Barack Obama will start casting aspersions at TJ, your Maximum Leader will.

(Shakes fist at sky) “Damn your eyes Thomas Jefferson for our current banking crisis!”

There you go…

Carry on.

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