Central bankers and politicians speak of never-ending bailouts only because they can print money in unlimited amounts. The Greeks know it; the Spaniards know it; the Irish know it; the Portuguese know it; every profligate politician buying votes with funny money knows it. No country will ever get its finances in order as long as this fact remains. Return to sound money and all nations MUST get their finances in order; they will have no choice. They will be forced to behave like we great unwashed, spending only what we earn or what borrowings the credit markets deem we can repay. Patrick Barron
Recent Posts
- Poor Understanding of Monetary Theory Leads to Disastrous Government Policies
- My letter to the Wall Street Journal re: Gold Mining Is Not the Same as Owning Gold
- The Great Lie of All Tyrants: Your Liberties Are a Threat to Others and Even to Yourselves
- My letter to “The Ethicist” at the NY Times re: There is no such thing as a paradox of thrift
- My letter to the NY Times re: Exaggerated Monetary Consensus
Popular Shows & Posts
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- Horrors of Communism and Socialism
- The Real Lincoln
- Myths of Capitalism
- Common Objections to Capitalism
- Moral Basis of Capitalism I
- Moral Basis of Capitalism II
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