Monday, September 30, 2019

Easier for governments to control the spending of people in debt... H.S.H. Prince Michael of Liechtenstein

In fact, it is easier for governments to control the spending of people in debt than those with savings. A person with financial resources is free, while debtors are hostage to their creditors... Like medieval alchemy that failed to turn lead into gold, today’s easy-money folly of central banks and governments will lead to crisis, not economic growth and prosperity.

H.S.H. Prince Michael of Liechtenstein

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