Looks like he’ll have to slay them again, just like Andrew Jackson did.
Mind you I went to public school, but it was my understanding that Andrew Jackson’s actions resulted in the US losing access to credit in a punitive action by the globalist bankers of the day, resulting in a 20 year depression in the US.
Thoughts? Corrections?
I’d rather get a corrective reading from a FReeper than a normal human.
This is not merely ignorance, it is deep, abysmal even, total failure to grasp even the smallest of clues.
Raising the rate of return on principal is the driving force that starts the economic engine, and it is carefully managed after that so that it does not rise too rapidly, nor should it be allowed to sink back to an uneconomic level which would damp down lending business activity altogether again. There is a golden point at which the economic activity proceeds at an optimal pace, which good management should strive for at all times, leaving much of the actual regulation to the free market.
Left to their own devices, banking officers maintain the sanctity of making sound loans, unless there is pressure that many very bad loans be made for some nebulous social objective, as has happened under much of the regulation that have been heaped upon the business community by executive fiat.