Simon Johnson's opinion that the US will face a funding crisis is shared by many. A competing...

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This Game is so Rigged Comments (68)
 
The "competing view" is so flawed and filled with erudite bullshit that it's almost impossible to address logically. It defines the "professorial" ideal and is based in fantasy land where countries start from scratch, without history - but with plenty of tax. The very idea that taxes create demand for federal reserve notes ignores the 200 years before the notes were created where people paid taxes with specie, notes backed by gold/silver, wheat, grain and other TANGIBLE medium. Was grain created to pay tax, or to eat? I'm so fed up (pun intended) I could write 10 pages illuminating the flaws in the competing view.
23 Dec 2010, 12:39 PM Reply Like

kmi Comments (3844)
 
Awesome there's a few of the "competing view" folks here on SA can't wait to see the debate!
23 Dec 2010, 12:54 PM Reply Like

pacalvotan Comments (30)
 
All of you are missing the point. If we continue to print money what do you think will happen to the price of oil when it is traded in some other currency because the oil producers can no longer trust the$? We will find out the hard way that printing money to keep the imbeciles in Congress in office will not pay the bills. And oil is for the forseeable future the end all of our way of life.
23 Dec 2010, 01:55 PM Reply Like