Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz
Friday, June 12, 2009
Return of the spiv
Schiff's on a roll - read him. It's long, but worthwhile, epecially the predictive part at the end. An Eastern credit strike, a collapsing dollar, rapid inflation, price controls and the development of a black market.
Unless we bite the bullet and accept high interest rates and a further, bigger crash in house and share prices.