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The world economy is doomed to spiral downwards until we do 2 things:
outlaw government borrowing;
2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt".
Remember: It's not what backs the money, it's who controls its quantity.
outlaw government borrowing;
2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt".
Remember: It's not what backs the money, it's who controls its quantity.
This version finally cuts several bogus quotes which have festered in the monetary reform literature for decades.
http://www.youtube.com/watch?v=swkq2E8mswI

Bill Maher on tax cuts and US Government Shutdown 2011, with guests Bernie Sanders, Randy Cohen and Doug Heye.
More Information:
http://huffingtonpost.com/news/government-shutdown
http://en.wikipedia.org/wiki/Government_shutdown

Tim performs his viral song "The Government Can" live on the Rockshow Comedy Tour. From the Rockshow Comedy Tour DVD and the Tim Hawkins Rockshow Comedy Tour CD

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