What's the Difference Between Bankers and Counterfeiters? - Hixson, William F.
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What's the Difference Between Bankers and Counterfeiters? Answer #1: Very little difference. The principal business of counterfeiters and bankers alike is the creation of money out of bits of paper and ink. Answer #2: Great big difference. Bankers create enormous amounts of money and prosper; counterfeiters create only piddling amounts of money and go to prison What's wrong with this scenario is not that money creation by counterfeiters is outlawed but that money creation by bankers is not. The creation of money is a proper function not of individuals or private corporations but of government.…mehr

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What's the Difference Between Bankers and Counterfeiters? Answer #1: Very little difference. The principal business of counterfeiters and bankers alike is the creation of money out of bits of paper and ink. Answer #2: Great big difference. Bankers create enormous amounts of money and prosper; counterfeiters create only piddling amounts of money and go to prison What's wrong with this scenario is not that money creation by counterfeiters is outlawed but that money creation by bankers is not. The creation of money is a proper function not of individuals or private corporations but of government. Above all what needs to be stopped is the current practice of the government letting bankers create money, borrowing it from them, and paying them interest on it, instead of the government creating interest-free money for itself. That's idiotic. Read more about it in this revealing book.
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