<blockquote>'
Ten Real Problems<ol>
<li>Fractional Reserve Lending</li>
<li>The Fed</li>
<li>Lack of a gold standard</li>
<li>Deficit Spending</li>
<li>Public unions</li>
<li>Davis Bacon and prevailing wage laws drive up costs</li>
<li>Disability fraud</li>
<li>Warmongering</li>
<li>Politicians get into bed with corporations, unions, and crony constituents</li>
<li>Lack of incentives to hold down costs on medicare, food stamps, and entitlements</li>
</ol>
I stated "If you fix the first four or five, most of the rest of the problems will be fixed automatically." '
- Mike "Mish" Shedlock,
Canadian Reader Comments on Outsourcing, Automation and Ten "Real" Problems With the US Economy, October 11, 2013</blockquote>
Context<blockquote>
Ten "Real" Problems With the US Economy; A Behind the Scene Look at Auto Manufacturing'..a deeply imbalanced economic structure.'(Banking Reform) '..a 100% reserve system .. fractional reserve lending is fraud.''Voters remain highly wary of crony capitalism..'</blockquote>