10.17.2013

Gold is happy

The opposition party has just been vanquished. We'll have permanent deficits and a continually growing entitlement-class majority. The media will eviscerate anyone who even suggests a modicum of fiscal responsibility. And Zimbabwe Janet will be at the printing presses, monetizing as much debt as she needs to keep the Ponzi going.

Gold is happy.

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Milestones

I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.