Epilogue

Brian P. Simpson

A chapter in Money, Banking, and the Business Cycle, 2014, pp 261-263 from Palgrave Macmillan

Abstract: Abstract There are grave consequences in allowing the current monetary and banking system, with its significant government interference, to exist. In fact, there are grave consequences in allowing all government interference to exist. It has led to slower rates of economic progress in the United States. As the interference grows, the slower rates will turn to economic stagnation and, eventually, regression. The ultimate end is the collapse of the United States in a growing tide of statism. No one can say when or if the collapse will occur. It could be in 50, 100, or 200 years. It is impossible to make a prediction of the exact timing of a collapse or whether a nation will continue down the destructive path it is headed. However, one prediction that can be definitively made is that if the current trends continue, the collapse will occur at some point. As I discussed in chapter 7, we have the precedent of the fall of the Roman Empire as evidence.

Keywords: Banking System; Free Market; Grave Consequence; Deposit Insurance; Economic Progress (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33656-9_10

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DOI: 10.1057/9781137336569_10

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