"All the perplexities, confusion and distress in America
arise not from defects in their Constitution or Confederation,
nor from want of honor or virtue, so much as downright ignorance
of the nature of coin, credit, and circulation."
nor from want of honor or virtue, so much as downright ignorance
of the nature of coin, credit, and circulation."
John Adams in a letter to Thomas Jefferson, 1787
Latest Observations
The quote by Adams and the latest chart of the Adjusted Monetary Base are submitted without comment. Is any needed?
I will, however, leave with a few rhetorical questions: How can you not buy all the gold and silver you can in this environment? Aren't ten years in a row of gains enough for you? Do you seriously believe that the government will rein in spending? Is a trillion and a half dollar annual deficit not a big number to you?
Just sayin'.
No comments:
Post a Comment