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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bart13 who wrote (99566)11/9/2008 11:10:25 PM
From: Robin Plunder5 Recommendations  Read Replies (1) of 110194
 
"The actual fact is that it has failed every time, and government spending is just one of the reasons. Until those problems are resolved, it will continue to fail... and the reasons it fails are quite similar to the reasons that fiat standards fail."

outside of wartime, govt should not be spending beyond its means..the problem is not with the currency, the problem is with the scope of govt.

and of course, wartime should be avoided except when a real threat exists

fiat is fundamentally a blank check for govt...bad currency and bad govt policy

Robin
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