Monday, August 3, 2009

Inflation: It is Coming

"...steadfastly tell you that there is no painless solution to the problem of excessive debt, excessive government deficit-spending and excessive amounts of stupidity that allowed people to borrow so much money that it bankrupted them!”

I am emboldened in saying this because the whole of history is distilled to the realization that a fiat currency in the hands of a spendthrift government is always debased because the temptation to print more and more money is too great to resist, and the purchasing power of the money is always lost due to the over-issuance of so much more money entering the economy, and if you think that all those governments did not try to find a painless way out of that bankrupting mess, just like we are now, then, again – hahahahaha! – I laugh!...

“Neo-Keynesian econometric idiot-savants at the Federal Reserve are kissing Congress’s deficit-spending butt by creating so much money and credit that we are doomed to an inflationary collapse, and if you don’t believe me, then go to Mises.org and do a little light reading and find out, ya lazy freaking jerk!”

read the essay

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