05-22-2016, 12:28 AM
(05-21-2016, 08:38 PM)Kinser79 Wrote:(05-21-2016, 08:11 PM)pbrower2a Wrote: You missed the irony.
Probably because you've confused irony with idiocy. Every fiat currency has ultimately failed.
As near as I can tell the half-life of any fiat currency seems to be about twenty-five years. The US has been doing this since 1971 and the dollar has been propped up by the Cold War and the petrodollar system. In order to figure out how long the dollar is going to last it is necessary to ask a different question: How long does the petrodollar system have left?
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