MONEY: Fiat currency kills the American Dream

http://www.dailyreckoning.com/dinosaur-economists-and-their-paper-currency/

Dinosaur Economists and their Paper Currency
By The Mogambo Guru

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So the question is, “Is all that spending additive?” I mean, do you add 14% plus 7%? If so, then isn’t government spending 21% of Gross Domestic Product enough to kill the economy a dozen times over, which is what happens every other time in all of history when some brain-dead government of some idiotic country full of childishly-trusting morons allows their corrupt government to spend more than it takes in by creating as much fiat currency as it wants?

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Amazing about the amount of “counterfeit money” the gooferment is going to push out.

Where does it end? Who winds up holding the bag? When does the “barbara streisand” hit the fan?

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