05-21-2016, 08:24 AM
(05-21-2016, 06:23 AM)pbrower2a Wrote: Yeah, sure. For the last fifty years or more the American economy has been on the brink of collapse unless it returned to the Gold Standard and the economic norms of the 1920s or earlier. How has that prophecy worked?
You have linear expectations in a non-linear world. What the consequences of a fiat monetary system are really not in question, only the timing is.
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