IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians.
Wednesday, 22 August 2012 07:36
Posted by David Icke
'Two economists at the International Monetary Fund published a paper (The Chicago Plan Revisited) saying that fractional reserve banking causes most of our economic woes and that removing it would increase our GDP by 10%. This is according to the mathematical models the IMF has of our economy. The Chicago Plan was first published on March 16, 1933 by 8 economists including Irving Fisher. Its main proposals were to end fractional reserve banking and to dramatically reduce government debt.
Professor Steve Keen has proven that an increasing level of public and private debt leads to higher unemployment and lower wages. This perfectly describes America for the past 40 years.'
Read more: IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians.
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