I've been having some interesting conversations with two friends about the economy.
They are both Keynesians and think my Austrian viewpoints are flawed. They think Ron Paul is a ranting lunatic. They think fiat money is a good thing. All I can say is history will prove who is right. All their stats and economic lingo can't shake my views. I am more interested in hearing both sides now which can only make me a better person to have this discussion with, but something about having human beings controlling and manipulating the economy seems too risky.
I see it as we have kicked the snowball down the hill. Its now a raging avalanche and your economic stance on it is meaningless. There is a town under that mountain and the damage is coming.
Friday, May 4, 2012
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