Reality Check wrote:This macroeconomic options discussion is well worth watching in it's entirety.
Multiple different points of view from different speakers - at different points in the video.
Kind of rare on CNBC: http://www.cnbc.com/id/48193471
This is more important IMO http://enenews.com/study-all-western-ea ... sion-photo
Also any fiat has no limitations and the intrinsic value has always been zero.
For the past decades, the United States has been consuming capital on a large scale and at an alarming rate. Living standards,already lower
than a decade ago and will continue to fall, the long term stagnation in the British mold seems ever more likely. This destruction of capital is revealed
by the inflation adjusted market value of equity of U.S.corporations. The value of equity has declined by almost one-third during the past decade, in terms
of constant dollars and this was known in 1980 as supplied above. The forums covered this aspect since 1965 in the nomimal graph that was provided.
U.S. corporations fell from $2.8 trillion on December 31, 1968, to $l.7 trillion by December 31, 1980. Prepare, and I was being nice at level two provided.
Also we captured the endogeneity of the money supply from the 1983 report we linked back in the forums.
http://mises.org/daily/4728 http://www.youtube.com/watch?v=FDY-LPRy ... re=related
“We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.” Plato