2009-01-05

The End of the Financial World as We Know It - NYTimes.com

Op-Ed Contributors - The End of the Financial World as We Know It - NYTimes.com

I take some comfort that the above-linked article is the most popular on the NY Times site.

(Also some comfort that the follow-on article with "solutions" is less popular.)

And more comfort that at least a few blogs are outraged over all of the money-printing.

It's no fun sounding like a nutjob. But I defy you to read this:

Fiat Money Inflation in France: How It Came, What It Brought, How It Ended*

and then tell me the same thing is not happening here right now.

In France, the money-printing ended with The Terror and the Guillotine. Let's hope we can avoid The Terror and killing part and just stop printing so much money.

*It's a free download from Project Gutenberg and it's a short read.

______________________________________
Read Nano-Plasm
© 2005-2008 Stephen Clarke-Willson, Ph.D. - All Rights Reserved.

1 comment: