When we were boys, we played with erector sets. They are still sold. Many politicians and economist wannabes are infantile. They think they can construct a banking system the same way as building a ferris wheel with an erector set. They have never grown up. Unfortunately, most people are also not trained to think ahead to the effects of the political actions that have economic effects (it’s the unseen versus the seen.) They compound their ignorance by trusting that their leaders have this foresight. The blind lead the blind. When most of us cannot think and see ahead, the way … Continue reading Banking system and erector set