From: jamesd@echeque.com
Date: Wed, 26 Jun 1996 06:16:42 +0800
To: cypherpunks@toad.com
Subject: Re: Noise: Re: Those Evil Republicans
Message-ID: <199606251523.IAA04107@dns2.noc.best.net>
MIME-Version: 1.0
Content-Type: text/plain


At 04:58 PM 6/24/96 -0400, hallam@Etna.ai.mit.edu wrote:
> Remember why FDR invented deposit insurance? The worst depression in modern 
> history was caused by the lack of deposit insurance. 

By an interesting coincidence the the worst depression in modern history
happened
shortly after governments around the world took control of currency issue, so
that banknotes became government notes.

Just as the worst famine in modern Russian history happened shortly after the
government collectivized the peasants.
 ---------------------------------------------------------------------
              				|  
We have the right to defend ourselves	|   http://www.jim.com/jamesd/
and our property, because of the kind	|  
of animals that we are. True law	|   James A. Donald
derives from this right, not from the	|  
arbitrary power of the state.		|   jamesd@echeque.com