Originally posted by Bagpuss
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Debt fuelled booms only happen if you have New Lie in power. They created an unlimited supply of money to lend, and Gordon Brown instigated this scenario by his changing of bank regulation. No government in its right mind should ever do this, as history has shown. Lending should be closely tied to deposits, as I have stated on other threads, and if this rule is adhered to there will NOT be an infinite supply of money.
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