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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 422.21+1.9%Jan 12 4:00 PM EST

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To: carranza2 who wrote (68313)11/18/2010 10:40:06 AM
From: TobagoJack  Read Replies (3) of 219288
 
<<... White’s essay tells the story of how good men -- with nothing but the noblest of intentions - can drag a nation into monetary chaos in service to a political end. Still, there is something else in White's essay -- something perhaps even more profound. Democratic institutions, he reminds us, well-meaning though they might be, have a fateful, almost predestined inclination to print money when backed against the wall by unpleasant circumstances ... >>

... applies to almost all types of government answerable in any way to the people, and that means all, i suspect ...
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