The process by which banks create money is so simple that the mind is repelled.
Liberals believe government should take people's earnings to give to poor people. Conservatives disagree. They think government should confiscate people's earnings and give them to farmers and insolvent banks. The compelling issue to both conservatives and liberals is not whether it is legitimate for government to confiscate one's property to give to another, the debate is over the disposition of the pillage.
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
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