And if one is inclined to read even further, the master link of related articles is below. If that is still not enough, I might summarize it myself, hopefully in a clearer way, in future.
The Credit Crunch Is the Solution, Not the Problem [View article]
If the author's figures are correct, at 13% inflation using 1980 metrics, hell yeah the average working stiff is far behind where his parents were. No wonder the massive increase in credit cards, home refinancings, etc, just to keep up.
This is an outrage... Vote every clown out of office this Nov 4, 2008 who voted for the $700 billion bailout.
Impending Inflation? The Global 'New Deal' All but Guarantees It [View article]
mises.org/story/2901
And if one is inclined to read even further, the master link of related articles is below. If that is still not enough, I might summarize it myself, hopefully in a clearer way, in future.
mises.org/story/2901
The Credit Crunch Is the Solution, Not the Problem [View article]
This is an outrage... Vote every clown out of office this Nov 4, 2008 who voted for the $700 billion bailout.