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of believing into lies? It seems our capacity to accept lies is nearly unbounded. The newest "gags". Greece has lied and has presented figures not even near the truth. Still they get payments of other "partner". Now they told our just with harshest conditoins, this would happen again...
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This is a very crude way to discuss. If you'd read Rothbard you will see he never talks about some fiat-currency but gold ounces and that even those earn their interest. That it's not so with current gold is simply because gold is calculated in whatever fiat-money you can think of. And you do...
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that we nearing us an end of a bubble/burst cycle? I wished I knew. So I just can speculate. At first it seems the debts were piled up higher than ever before in "peaceful" history. Peaceful in the sense that there is no war in Europe. But maybe I'm just too optimistic about the war stuff...