President Barack Obama Message Board

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Politics : President Barack Obama

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To: tejek who wrote (122867)	10/7/2012 9:30:00 PM
From: RetiredNow	Read Replies (1) of 149317

You and your team like to ignore common sense to spin a fantasy of your choosing. The addict comes up with all sorts of justifications for the ever increasing need for more and more drugs. The behavior of the neo-Keynesians, Bernanke chief among them, is shockingly similar to that of a drug addict. At the end of the day, the world currency debasers will find, as all sovereigns have in the past, that this path never leads to prosperity and always leads to a financial and economic ruin. Does it feel good in the short run? Sometimes, although it invariably depends on who is the first receiver of the largesse from the money printing, which in the modern day case is the large banks. The common man is always, every single time this has happened in history, the one to bear the brunt of the pain from currency debasement. Purchasing power is lost and a stealth tax is imposed. The wealthy get richer and the common man pays the price. You demonstrate a shocking lack of historical knowledge, much less that of economics. You do seem to demonstrate a certainty born out of a passing fancy for neo-Keynesianism, though.

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