“Nobody has ever argued that the government deficit-spending and all the rest of the heroic, last-ditch, pull-out-all-the-stops monetary excesses would not make statistics of economic activity blip upward. The argument is whether or not it will eventually destroy the economy. I say it does. The rise in the price of gold says it does. The decline in the dollar says it does. All of recorded economic history says it does.” – Richard Daughty (aka The Mogambo Guru)
Jim’s Quote of the Day:
