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Strategies & Market Trends : The coming US dollar crisis
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To: axial who wrote (11942)9/28/2008 2:56:09 PM
From: Tommaso2 Recommendations  Read Replies (1) of 71454
 
From your link:

"The fiat-money system, as it operates today in this country and in some others, could avoid disaster only because a keen critique on the part of a few economists alerted public opinion and forced upon the government cautious restraint in their inflationary ventures. If it had not been for the opposition of these authors, usually labeled orthodox and reactionary, the dollar would long since have gone the way of the German mark of 1923. The catastrophe of the Reich's currency was brought about precisely because no such opposition was vocal in Weimar Germany."

I have seen absolutely no criticism or even recognition so far of the sudden enormous expansion of the money supply.
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