Rob Viglione

Norway Swapping Government Debt for Mortgages

The concept of multilateral currency debasement executed in tandem leading to "stability" is insane. Rather, I should state it as being "unethical," since it equates to central banks robbing its citizens savings to prop up a decaying system that will go one way or the other.

This is collectivism at its best, but because we talk of monetary phenomenon that are so removed from individual affairs we forget the real implications of these actions. Debasing currency is akin to stealing savings and siphoning real output towards government use (or private banker use, in the current case).