I’ll talk to whom I want. Get your own site and you can ban me.
Anyway.
Why should speculative panics be ‘saved’? You use the word save, like a kid drowning in a pond. I say they are cleared, exposed, like a festering wound to daylight.
At least back then they were saved by the likes of Morgan. Private citizens not engaged in speculative behavior were not taxed, nor their future generations indebted to bail out speculators.
( TARP. It’s for the children )
Private Citizens lost their jobs and lived in tent cities. Private Citizens lost their farms. You obviously don't know history, you haven't a clue the results of what you are advocating.
We didn't bail out speculators, with the exception of AIG. We bailed out banks and most of the banks weren't in trouble because of speculation. They were in trouble because the economy at large was in trouble. Most of the TARP loans have been repaid. So the bail outs are no longer that much of an issue. The reason your kids are indebted is not due to bail-outs. It's due to a congress that won't control spending. And that's a result of a lazy citizenry that keeps voting idiots into office.
No monetary system is going to save you from an idiot congress. No monetary system is going to stop Congress from borrowing. Only electing men of good character is going to free your kids.