nakedempire


The American Empire in a Changing World



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Thursday, December 20, 2012

“Watching your money disappear”

From Detlev Schlichter

''In fact, throughout history, every experiment with complete paper money systems – systems in which the money supply is not restricted by the available stock of a scarce commodity such as gold or silver but in which it is entirely unconstrained –, every experiment with totally elastic money ended in failure.''

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1 comment:

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