Leading Experts: Let the Banks Fail

The government and Wall Street have endlessly repeated the statement that we have to save the banks, or the whole economy will be destroyed.

But leading experts – including the following people – say that letting the banks fail will help the economy recover:

  • The central banks’ central bank, BIS

We cannot even start to recover from the depression we are in unless the free market is allowed to operate. That means that banks that made horrible business decisions have to be allowed to fail, and those that made good decisions allowed to succeed.

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