(December 22, 2010 at 3:38 pm)theVOID Wrote: The artificially inflated US economy and housing markets has been getting by on crutches of debt for decades. I think a good case can be made for fiat currency being the cause.
... and I could make the case that it was more related to an unregulated marketplace (thanks to conservative economics) combined with a group of con-men who worked to earn billions of dollars by conning people and the government out of money.
Having watched both your video and Minimalists, I don't see where you're getting that 'fiat money' being the cause of this problem more than unmitigated greed and a gulible/corrupted politicians and audiences.
If today you can take a thing like evolution and make it a crime to teach in the public schools, tomorrow you can make it a crime to teach it in the private schools and next year you can make it a crime to teach it to the hustings or in the church. At the next session you may ban books and the newspapers...
Ignorance and fanaticism are ever busy and need feeding. Always feeding and gloating for more. Today it is the public school teachers; tomorrow the private. The next day the preachers and the lecturers, the magazines, the books, the newspapers. After a while, Your Honor, it is the setting of man against man and creed against creed until with flying banners and beating drums we are marching backward to the glorious ages of the sixteenth centry when bigots lighted fagots to burn the men who dared to bring any intelligence and enlightenment and culture to the human mind. ~Clarence Darrow, at the Scopes Monkey Trial, 1925
Politics is supposed to be the second-oldest profession. I have come to realize that it bears a very close resemblance to the first. ~Ronald Reagan
Ignorance and fanaticism are ever busy and need feeding. Always feeding and gloating for more. Today it is the public school teachers; tomorrow the private. The next day the preachers and the lecturers, the magazines, the books, the newspapers. After a while, Your Honor, it is the setting of man against man and creed against creed until with flying banners and beating drums we are marching backward to the glorious ages of the sixteenth centry when bigots lighted fagots to burn the men who dared to bring any intelligence and enlightenment and culture to the human mind. ~Clarence Darrow, at the Scopes Monkey Trial, 1925
Politics is supposed to be the second-oldest profession. I have come to realize that it bears a very close resemblance to the first. ~Ronald Reagan
