In light of the discussion in my prior two posts, "Partisan Economics" and "Partisan Economics Revisited," I thought this would be a good time to post the Dynamite-In-Law favorite video "The New Ghana Cedi."
-KD
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10 comments:
This is dyna--, ahem, great stuff. Goebbels should have realized that the Big Lie would go over better with a catchy beat. . .
Just keep saying it--there is no change in value, the value is the same. . .
What a find!!
Perhaps this may change the thinking of the 'scorched dollar crew'; um er I meant the keynesian clowns? As a gold in hand owner, Bennie and his inkjets are clearly in my corner, and just think; I don't even have to fight the fed! We are all on the same side;) Love that vidio kid!
BTW, Kid, good posts over at Naked Capitalism this morning--I guess you were still geared up after the discussion the other day. It seems to me that there might be some kind of theoretical framework which could be worked out concerning the maximum value of "real" debt which could be issued by a sovereign state (obviously there is no limit to the nominal value). In other words, there is a limit in real terms to the amount of debt a sovereign state can issue, and it can be roughly quantified.
Nice. Government credibility is going to unravel
thanks a lot. now this is stuck in my head.
KD, this seriously needs to go on the DVD embedded on the next Voyager mission as a treasure of humanity.
"Just chop off some zeroes!" is a family joke in my house because we were posted in a country that had hyperinflation.
Classic vid, Kid....
Also, you're a saint for engaging so many ridiculous claims...
Does the weather have you trapped?
I can imagine no more abject misery than paying 8 cents for a loaf of bread. My gawd, what would old people have to tell their Grandchildren? "
"Sonny, I can remember when that loaf of bread was also 8 cents. Yup, ain't even gone up a penny 70 years. That's what ya got to look forward to sonny - nothing."
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