Saturday, February 28, 2009

Why printing money won't work

Peter Schiff yet again has an excellent, easy to understand piece on why the present rush to print money won't work.
He underlines the point that it is only savings that allow " credit" to work, and the reason the music has stopped is that the savings no longer exist.
Quite rightly, he says we must get back to making -or growing -things.
Otherwise, there will be a piece of paper on our plates instead of a steak.
Just like Zimbabwe.
I've put a link to Takis Mag - it's become essential reading. Perhaps not every day, but certainly 2 or 3 times a week.
Fraser Nelson has a great piece on Coffee House today. Read the NoW address to Congress.

No comments: