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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 03/20/2010 : 19:55:30
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Financial history teaches us that every time a financial crisis has been alleviated by printing more money instead of cutting costs and prices, it has ended up with hyperinflation. Zimbabwe is the most recent example, but the list is almost endless: Bulgaria, Russia, Ukraine, Turkey, Argentina, Mexico – the list goes on and on.
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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The Road to Hyperinflation
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