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Monday miscellany

7 Comments

  1. Matt
    Matt February 14, 2011 7:51 am

    Maybe the Swiss keep their guns because they still teach Swiss history in Swiss schools? I am sure some of their neighbors remember way past history where outnumbered Swiss fought them to a standstill on more than one occaision.

    Gun club age might be going “up” as it is here in the U.S. but I would guess the median age of their average voter is going up too.

  2. DrillSgtK
    DrillSgtK February 14, 2011 8:23 am

    Mr. Smith’s article on hyper-inflation is right on. As one of my favorite podcasters has pointed out, all those people screaming that hyper-inflation is just around the corner so buy their gold now(!), all want your FRN’s that they say will become worthless.

    If inflation starts getting unhide-able i’m sure debt holders will pull out some clause with 50 cent words with $2 meanings to demand immediate payment or higher interest. It is better to not have that debt to start with. Of course if you have debt, it is very hard to get it to go away. I think it is easier to give up heroin than debt.

  3. Claire
    Claire February 14, 2011 8:55 am

    DrillSgtK — Yep. I expect that, if hyperinflation ever does begin to take off, one of the first things Congress will do is excrete a new law requiring that debt owed to large financial institutions be changed from a fixed sum to a sum indexed to inflation. Or the sum will remain fixed, but Congress will mandate infinite interest-rate/finance-fee increases indexed to inflation. Something along those lines. Debt owed to individuals will remain payable in worthless dollars. But as usual, big coercive institutions will cover each others’ exposed backsides.

    And you’re so right about debt being addictive .. or rather, bad spending habits of all sorts being addictive.

  4. Kevin Wilmeth
    Kevin Wilmeth February 14, 2011 11:25 am

    Thanks for the note, Claire. And wow, but that cartoon speaks volumes, does it not? 🙂

  5. MamaLiberty
    MamaLiberty February 14, 2011 11:25 am

    I don’t buy gold… but I just spent a little over $100. on surgical supplies. Just putting my money where my mouth is. [grin]

  6. bumperwack
    bumperwack February 14, 2011 11:26 am

    we could learn some from the swiss…do well to check em out

  7. clarence
    clarence February 15, 2011 1:33 am

    the ars technica article is the better of the ones i’ve read about this episode. as well as some of the better commentators and comments. and the ‘opinion’ “anonymous” posted is relevant, succinct and rather pithy. a mature, direct explanation done in the ‘superior to inferior’ mode. and i agree with many that the activities of “anon” are in the best tradition of resistance to arbitrary and despotic rule by minority. such resistance is not necessary where justice is real rather than the goad and heavy hand of tyrants.

    clarence

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