necron99
10-25-07, 02:29 PM
From Matthew Gross' blog (http://www.mathewgross.com/node/1445):
Here's a modern riddle for our postmodern times: is inflation still theft in a country with a negative savings rate?
The answer: We'll all soon find out. (If you need a further hint, just consider Mike Whitney's (http://counterpunch.com/whitney10232007.html?ref=patrick.net) nice axiom today: "The path to indentured serfdom is paved with the Fed's low interest green paper.")
I happen to enjoy the Zenlike simplicity.
Here's a modern riddle for our postmodern times: is inflation still theft in a country with a negative savings rate?
The answer: We'll all soon find out. (If you need a further hint, just consider Mike Whitney's (http://counterpunch.com/whitney10232007.html?ref=patrick.net) nice axiom today: "The path to indentured serfdom is paved with the Fed's low interest green paper.")
I happen to enjoy the Zenlike simplicity.