Monday, February 28, 2011

It Takes A Crook To Know One: Government Is A Ponzi Scheme

SEE HERE Set a thief to catch a thief I always hear. Well if the government is a Ponzi scheme (at least government regulation of the financial markets) you'd expect Bernie Madoff to know. Certainly the government's handling of the money supply sure looks like a Ponzi scheme. Need more money? No problem, fire up the printing presses. Like all Ponzi schemes, the patsy is the person holding the worthless paper at the end.

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