Here is a video of the National Bank of Canada's experience with money creation and debt from 1934, and seems to me to be a counter-example to the libertarian argument I asked about before:
http://www.youtube.com/watch?v=9yYEFuN2v08 In other words, this seems to sustain the argument that central banking as such is NOT the problem. Does anyone know more about this experience? Paul Z. ************************************************************************ (Vol.23) THE HIDDEN HISTORY OF 9-11-2001 "a benchmark in 9/11 research" video summary from Snowshoe Films at http://snowshoefilms.com (Vol.24) TRANSITIONS IN LATIN AMERICA AND IN POLAND AND SYRIA ********************* http://ourworld.compuserve.com/homepages/PZarembka
