Feb 17, 2009

James West on what it's like living on planet leverage

Living on planet Earth right now is like sailing on the Titanic and knowing we're going too fast and we're bound to hit an iceberg. As a mere passenger, the suggestion that we change course and slow down will be met with derision and antagonism. The captains of the boat, who have been sailing for years and have the epaulets to prove it, know far better than we.

~ James West, "Rethinking Fractional Banking," Seeking Alpha, February 17, 2009

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