The High Price of Delaying the Default

Posted by  $  richrobinson 5 years, 7 months ago to Economics
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I really felt the best course of action in 2008 was to let things play out. Government and FED intervention has set us up for a larger fall.
SOURCE URL: http://mises.org/daily/6674/The-High-Price-of-Delaying-the-Default


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  • Posted by Abaco 5 years, 7 months ago
    If I didn't have kids this would concern me about 15% as much as it does. The children are really getting bent over with this. It's criminal. It fits a theory I believe in that America, like any other country, is just a tax farm and we're the livestock. As long as we keep voting for people like "Boner" and Ovommit this is it, folks...hold on to your hats.
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  • Posted by preimert1 5 years, 7 months ago
    I'm not an economist, but what would happen (not that it ever will) if the quantity of dollars was pegged to the GDP? Thus the "full faith and credit" of the US could be quantified and actually mean something. There would be more incentive to grow the GDP in order to allow more currency, but at the same it would be a closed system--one of the attributes of BitCoin--making each dollar mean something instead of being fiat. I'd like to hear from Gulchers more knowledgeable on monetary matters. This notion seems to obvious.
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