tag:blogger.com,1999:blog-11719208.post6929377487618698338..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Three Sins, One Gift - Sin #3Timhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11719208.post-60294422934577801632010-01-31T10:31:14.710-08:002010-01-31T10:31:14.710-08:00Anonymous, don't quote from the Bible unless y...Anonymous, don't quote from the Bible unless you want to invoke the biblical narrative, which is that moral decay stems from a rejection of God, not an acceptance of debt.michael.dufelhttps://www.blogger.com/profile/09336899776946594860noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-27811141299519325862010-01-31T08:02:18.092-08:002010-01-31T08:02:18.092-08:00Its more than just a culture of debt that the prin...Its more than just a culture of debt that the printing press fostered, it is a culture of borrowing and not repaying. People started to lobby for the central bank to inflate away their debts, thus degrading the moral fiber of the nation. Later they carried this philosophy to its logical extreme, and just walked away.<br /><br />The wicked borroweth, and payeth not again... Psalm 37:21a<br /><br />All semblance of honor, trust, and people keeping their word is gone from the culture as a whole. The printing press has destroyed the honor of the nation, and prevented citizens from buying capital goods to provide for their future.Anonymousnoreply@blogger.com