Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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The Country seems to be in a great struggle to see if honest money or paper money will control. The Financal Culture in the Eastern U.S. and Washington is doing all it can to keep paper as our money. This quote from Ludwig Von Mises sums the issue nicely: “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights.” Ludwig von Mises
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The Country seems to be in a great struggle to see if honest money or paper money will control. The Financal Culture in the Eastern U.S. and Washington is doing all it can to keep paper as our money. This quote from Ludwig Von Mises sums the issue nicely: “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights.” Ludwig von Mises
WC
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