There is no reason to be opposed to bank reform unless you are confused about how the system works. If you accept that banks print money we can assume you would want that to change otherwise you are being a hypocrite. If you deny that banks print money then there is no reason to oppose reform. It is only if you want banks to retain their right to print money that you would logically oppose reform... whether or not you are willing to accept that banks print money. It doesn’t make sense to deny that banks print money and at the same time oppose reform. If banks don’t print money there is nothing to fear in the reforms.
Denialists have nothing to fear from bank reforms... unless they were expecting a crash of the banking system.
Thursday, 19 April 2012
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