Nice Government Men

Posted Friday, September 16, 2011, at 10:37 PM
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  • I have had minor disagreements with some of your positions in the past, but I find this analysis "spot on". I only wish more citizens had heard of Austrian economics, let alone studied it. If we had a truly informed electorate, many of our problems would be voted out. While living in Texas in 1980 I recall writing my Congressman urging him to vote against the Monetary Control Act of 1980, which gave the Federal Reserve the authority to monetize any debt, foreign or domestic, public or private. His response made it obvious he didn't even know what I was talking about, but voted in favor of the act anyway. We see the results some 30 years later of this kind of thinking. As this economic house of cards comes tumbling down, gold will remain as it always has, the last refuge, while the dollar will become only a footnote in history. Thanks to those NGM.

    -- Posted by Bob E on Sun, Sep 18, 2011, at 4:06 PM
  • Waddya know. Now we can form the Austruan Economics Club suggested in a comment in an earlier post!

    That said, the fact that you don't agree with everything I write proves you are a deeply thoughtful person. It should be nearly impossible for any two people who really think about something to some to the exact same conclusion.


    -- Posted by Charles Hear on Mon, Sep 19, 2011, at 6:05 PM
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