12.21.2009

The Ponzi Economy Illustrated

At Market-Ticker.

1 comment:

Anonymous said...

I'm beginning to read classics from the Austrian economists, think von Mises, Hayek, and Rothbard.

The debt that we have built up must be extinguished somehow. I figure it will be repudiated, much like Zimbabwe. But what do I know, I'm a chemist.

More stuff that broke around 1971

We've noted before  that a bunch of economic trends turned bad when Nixon closed the gold window and we launched into the current pure f...