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Our Rotten Financial System « The Thinking Housewife
The Thinking Housewife
 

Our Rotten Financial System

September 30, 2024

“WHAT are the nefarious consequences of the artificial limitations and subsequent misdirectioning which the current financial system imposes on our economic activities? They are legion: the instability of the business cycle, constant inflation (mostly cost-push, but also demand-pull), the misuse of economic resources, economic inefficiency, waste, and sabotage alongside forced economic growth, an ever-increasing mountain of societal debt that is, in the aggregate, unrepayable, recurring financial crises, heavy and often increasing taxation, wage and debt-slavery, servility, the usurpation of the unearned increment of association by the private banking system, the centralization of economic wealth, privilege, and power in fewer and fewer hands, forced migration, cultural dislocation, unnecessary stresses and strains, social conflict, environmental degradation, and international economic conflict leading to war, etc., etc.”

Oliver Heydorn of the Clifford Hugh Douglas Institute

 

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