Posted on 06/05/2006 10:27:21 AM PDT by Paul Ross
He coins the phrase "digital money" and castigates the same phoniness with our inflation reporting and economic measures that classical and traditional supply-siders have been condemning as confabulatory...and wishing to make it so.
Never buy a Fiat on credit. Come to think of it, never buy a Fiat at all, buy a Lamborghini instead.
what the hell is FIAT?
Have you hugged your BAHOG today?
Fix It Again Tony?
A reference to fiat money--i.e., money that is not backed by gold.
I don't like fiat money; I much prefer Ferrari money instead. VROOM!
FYI
Gold Fever....catch it!
That's my one sticking point with CATO. I'm thinking of yanking my contributions because of their fauning over the Fed.
Little Italian car.Responsible for more wealthy car mechanics than other other automobile ever made.
7. Finally, but by no means least, we have "the forever war" on terrorism. Congress has approved the largest ever increase of some 40% in the Defense Budget to a mind boggling US$450 billion. This means that the US spends more than all the other countries in the world combined on its military. One may wonder what such expenditure might achieve if even a fraction of it were directed to such things as: US infrastructure including roads, railways, power stations, hospitals, and construction of better schools; or, medical research; development of new sources of energy; reducing the effects of pollution in the US; or if some was directed to alleviate world poverty and assist developing countries? The current Iraq war is little other than a debacle that has brought untold misery. Even worse, the ugly inheritance of Winston Churchill's policies has come back to haunt the citizens of Iraq with a fracticidal civil war now underway which is engulfing Sunni Muslims, Shi'ite Muslims and Kurds. In a nightmarish scenario, this war could well drag in Kuwait, Iran, Turkey, Jordan and Saudi Arabia. Neither the US nor the UK has a clear exit strategy for Iraq. In fact, they are linked together in a mess that neither can extricate themselves from. The full consequences of this immense policy failure will become apparent over the coming months and years. Long will the Allies live to rue the day the got involved in Iraq. History will not judge Messrs Bush and Blair kindly. Eventually, the truth will out.
Good thing you didn't step in it.
FIAT, Gold, Conspiracy...this article has it all!!!
fiat = a command or decree. So fiat money is money backed by edict rather than having intrinsic value.
good catch...
"One may wonder what such expenditure might achieve if even a fraction of it were directed to such things as: US infrastructure including roads, railways, power stations, hospitals, and construction of better schools; or, medical research"
Geeze, I hadn't noticed the Gubmint stopped doing all these things....
Does Free Republic allow the posting of advertisements disguised as articles?
****ing Italians Attempting Transportation or so my uncle used to say.
The "head and shoulders", "double top formation", etc. methods of predicting markets seems to be based on wishful thinking and not real information.
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