The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Thursday, October 06, 2011
Video: Fiat Money Basics: The Root of the World's Imbalances
Here is a concise explanation of the mechanics of the legal tender based paper money system, a system that rewards the political and the banking class at the expense of everyone else.
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