Thursday, 19 February 2009

A Treat from the Mises Institute

I found this which is one of the best of its kind.
I should declare an interest. I am a Jaguar owner (well, strictly it's Mrs Lola's car) and fan.


Oldrightie said...

Concise, specific and correct. Ergo it will not be heeded because the Government and McMental are stupid.

AntiCitizenOne said...

What an awesome article.

AntiCitizenOne said...

Only problem is there "real money" cry at the end.

Gold is a metal that is* scarce i.e. hard to increase it's amount, so it makes a useful protection against inflation. However It also doesn't disappear quickly so it makes a poor proxy in deflation.

* was before new mining techniques made the supply of gold much more expandible as gold bugs will find to their cost.