03-12-2017, 01:07 AM
(03-11-2017, 11:53 AM)Kinser79 Wrote:(03-11-2017, 10:54 AM)Odin Wrote: Ah yes, the usual "HYPERINFLATION IS COMING, THE END IS NEAR FOR EVIL STATIST COLLECTIVISM" predictions that never pan out.
Can you name me one historical fiat currency that hasn't collapsed?
Judging from the silence he hasn't found one yet. Hint Odin: Its because there isn't one.
Once the currency blows up you have a choice go down the road of Venezuala and Zimbabwe or embrace the free market. Even in places like that the informal economy comes in to being and in fact saves people from their own government. Even in benighted places like this the free market improves many individuals lives even while their government tries to stamp it out like the Soviet Union tried.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises