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World Affairs Brief
President Obama’s promise that, “We will rebuild, we will recover, and the United States of America will emerge stronger than before,” will go down to haunt him like the Bush’s “Mission Accomplished” Banner. When inflation comes back people will initially think a recovery has arrived, but fast rising prices will soon begin to rob all existing assets and savings of their value.
…Instead, we are starting down the path of draconian fiscal irresponsibility, warned against by the Austrian economic adage: “when you bailout an economy with ever increasing doses of fiat money, each subsequent boom-bust cycle is larger and more violent than the last.”
Check out Skousen’s website “World Affairs Brief“, worth a daily visit.