Quote:
Originally Posted by Onkel Neal
Good post, Sky. I agree, we're in strange times. Just look who is President of the USA
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Two quotes from the master himself:
"The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard."
"The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income."
L.v. Mises
"Strange times", Neal? Absolutely terrifying, I say.
Beyond "dug deep in and take cover", I have run out of advice.