Money printing does not lead to inflation Oh yeah. And that from a country which has disappropriated all the private creditors and have ruined the middle class through high inflation. Am I impressed? You can bet.....
The ECB is now officially financing insolvent states. Despite the laws for the ECB. How is that done? Very easy the ECB does not buy bonds directly of states but in a perfidiously way. As you have read yesterday the ECB lends out money to banks with 1 % interest for 3 !!! years. Now this money is just...
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...
Well if you think happy is much to strong. How about being relieved? Was the day of the death of Alexander the Great, Caeasar, Hitler, Stalin, Lening or you name it a "happy" day? Well I guess it very depends. If you had been supressed or conquered you surely was happy that days. But all in...