2012-03-03creditwritedowns.com

`` if the governments don't plan to make subsidies and tariffs and taxes, then if you dismantle government planning, then by default all of the planning passes into the hands of bankers. And the bankers end up allocating the nation's resources, because it's the bankers who give the credit. And instead of the government deciding how to steer the economy forward--by subsidizing education, by building private infrastructure--all of a sudden the infrastructure and the division of labor and the resources are passed on to the banks, and the banks are going to decide, okay, sell all the public domain, sell the roads and the railway systems and the power systems, and we will decide who gets the credit, and we'll do the planning.''


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