HERE AN OSTRICH, THERE AN OSTRICH: Euroland Is Changed Forever - WSJ.com
Since over-borrowing will be followed by over-compensating (to the limits of the taxation of the most fiscally prudent to the most fiscally non-prudent), one has to ask where it will all end up?
Lots of prognosticators say the printing press.
Chavez in Venezuela has shown that printing and confiscation of private property and the handing out of jobs to the incompetent but politically favored end up with producing shortages and 30% inflation.
But heck, let's be ostriches and ignore the likely and current and hope for something from heaven. Maybe some Iranian missiles perhaps; or, some other Islamic terrorist attack with North Korean bombs?
Tuesday, May 4, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment