Pages

Wednesday, 4 January 2012

Dead fiat walking.............from Rico

For my Keynesian fiat money-zombie friends...nothing lasts forever, especially reserve currencies.

First, step back and take the very long view while considering this chart of world reserve currencies.

Then consider the wisdom of MIT economist Rudger Dornbusch:

"Crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought."


No comments: