“In the 1950's and 1960's, political leaders enjoyed much more public trust than they do today, enabling tougher economic decisions to be taken. The budget deficit culture, from which the western world is still trying to free itself, is symptomatic of a loss of political authority.” -- Peter Warburton, Debt & Delusion (1999) You’ve probably never heard of Peter Warburton, but he wrote one of the best books I’ve ever read on the nature of money and credit: Debt & Delusion. He wrote it in years leading up to the cresting of the epic credit bubble that popped in 2008. The book is hauntingly prophetic. Peter is one of those lonely economists who actually understands that supply matters. No
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Frank Byrd and Stephen Korn
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Is Bitcoin Fools Gold?
...be appropriate for their portfolios. Let us know if you’d like to schedule a conversation to discuss this.
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