Apparently Mr. Buffett has had this book in mind when warning about governments' over-reliance on stimulus packages. When Money Dies charts how the German economy was ruined by hyperinflation after the Weimar government allowed public spending to run out of control. By the way, used copies can be gotten from Amazon.com for $800 minimum.
Hat tip http://cunningrealist.blogspot.com/
Tuesday, July 13, 2010
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Let me see if I've got this right. Government takes money out of the economy, feeds the monster (govt bureaucracy), hands out money to their pals (grants. welfare, boondoggles etc.) and this is supposed to stimulate the economy?
You think it's bad now? Just wait until Bush's tax cut expire at the end of the year.
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