“Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.” GovernmentCausesEconomyTaxesStandardsStructureRegulationCurrencyInflationInterventionIncompleteDistortionRecessionsDegradeStandards Of LivingCleansingGovernment Intervention Author:Doug Casey
“The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.” WayAbleInterestTaxesConsequenceIncreaseSellsRateAbsenceInevitableFundFedsPrintInflationDeficitPrintingRecessionsTreasuryInterest RateBuyersRunawayTax Increases Author:Doug Casey
