On May 15, 8:02*am, Gary Forbis wrote:
On May 15, 5:27*am, wrote:
The late, great Milton Friedmanhttp://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless
monetary policies will cause hyperinflation and destroy our nation
https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1
Milton Freidman coined the phrase "there's no such thing as a free
lunch."
I live by that phrase. *Milton Friedman's other philosophies screwed
up
several economies. *People are worried about hyperinflationhttp://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?c...
* *Production of United States Mint American Eagle Gold Proof
* *and Uncirculated Coins has been temporarily suspended because
* *of unprecedented demand for American Eagle Gold Bullion Coins.
Bush's administration more than doubled the money base during
his last year in office. *Production didn't double, infact the economy
was contracting. *I wonder where the money is going that we don't
already have huge inflation. *None the less, I don't blame Obama
for this problem. *Government spending itself doesn't cause inflation.
Inflation is too much money chasing too few goods. *If the money
isn't chasing the goods there won't be inflation.
US productive capacity has been sidelined. *It's being dismantled.
There isn't enough money in the system to support our production.
As long as we are in a global system where other nations do not
value their labor our labor will be devalued. *There's no free lunch.
We are becoming a third world nation. *The Reagan era is ending.
Milton Friedman was wrong about just about everything except
there is no free lunch.
How can that be when the U.S. economy is far, far and away larger than
ANY third world country by far far far.
0baMa0 Tse Dung has expanded government spending faster in the first
six months of his diktatorship than President Bush did during his 8
(eight) year presidency. Irrational 0baMa0 exhuberance has erased many
brain cells.
The U.S. economy is till today, right now, this moment, larger than
the E.U. Larger than China. Larger than India.
AND almost larger than China and India COMBINED! That's over
3,000,000,000 people competing with 300,000,000 people.
That is a factor of 10:1! AND to top it all off, the U.S. blows China
and India, any third world nation, out of the water in energy
efficiency.
China produces more green house gases per GDP than the U.S. by far, BY
FAR.
Don't tell the Liberal Fascisti Socialist Greenies that their anti-
Capitalist propaganda lies are a well known facade.
They are anti-American, anti-Freedom and Pro Neo-Commie.
There is not one successful Socialist/Communist economy in the history
of the world. The Neo-Commies can never erase this fact:
http://www.globalmuseumoncommunism.org/
There is a very good reason why people risk, and have lost their lives
in attempts to escape Liberal Fascist/Socialist/Communist regimes the
world over.
Nazi Germany,USSR, Cuba, China, North Korea, Burma, Vietnam, Laos,
Cambodia,...
Free Markets = Free Choice = FREEDOM! Neo-Commies can never compete
with that!