Thursday, August 6, 2009

A History Of Stimulus, Funny Money & Central Banking


World history is filled with examples of “funny money policies”, and the Federal Reserve's and our government’s feeble attempts at stimulus are just a new name for old games.

For as Ecclesiastes 1:9 states "What has been will be again, what has been done will be done again; there is nothing new under the sun."

If we look to Roman history we see a story of funny money and stimulus. Rome conquered, grew, and with each conquest returned with more stimulus in the form of gold, silver, land, and slaves. But the stimulus injected into the economy after each conquest only stimulated the need for more stimulus. It did not stimulate real prosperity. It undermined it. (more)

No comments:

Post a Comment