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I respectfully disagree with a key point of John Burns argument.
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Clay SEIA
Posted 11/26/2012 00:44 (#2717472 - in reply to #2715569)
Subject: RE: I respectfully disagree with a key point of John Burns argument.



I guess you should spend the few hours required to read the piece about the Weimar inflation, along with Austria and Hungary circa 1922, that was linked on here a few days back.  And then ask yourself, is an impossible debt of war reparations laid on those economies really any different from an impossible debt of entitlements that has been laid on this economy?

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