why deflation would be a disaster , page-53

  1. 11,522 Posts.

    US debt is half what UK debt was both during the Napoleonic Wars and Post WW2, and UK paid it down successfully.

    ...

    Analogy: Constraining the rate of growth of the total economy to a flat (approx) rate equal to rate of mine of a metal, is similar to constraining the speed limit of traffic to a flat rate of 60ks wherever or whenever u'r travelling. A society that allows a variable rate of travel will flow better than one that is set by the car manufacturing industry.


    Your views are that of a common Gold bug, good luck.


 
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