Quote:
Originally Posted by Strangelet
http://www.youtube.com/watch?v=3qLefrvxbq8
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I'm really no economist, so I have to grasp at what little I can and make limited judgments on that. But these two points of Paul's just make me worried... (worried that he's right, not worried that he's wrong)
"You can't solve the problem of inflation - that is, money and credit out of thin air - with more money and credit out of thin air"
"The bubble has been blown up, it needs to deflate - but they won't allow it"
I've been reading similar comments to this elsewhere. Can the government/Fed/whoever* (*see, that's how ignorant I am about this) really have got it
that wrong, or been
that short-sighted?
