Wednesday, November 14, 2007
Jesse you called my economic thinking erroneous but many Americans seem to think otherwise and are willing to put THEIR money where THEIR mouth is. Read this article describing a part of the counter offensive against the fiat money system that you and the socialists and the communists all insist we must have in modern societies. You know Jesse...in Cuba Castro can double salaries any time he likes. But there is still nothing on the shelves of the stores where you can only use Castro's money. Castro's money can't be spent in any other store in the world because it doesn't have the actual value of toilet paper or fire kindling. Wealth is human labor mixed with the land. Cuba has nice land. Cuba has plenty of clever laborers. The problem is Castro keeps getting in the way of the two so no wealth is created but Castro backs it up with that paper money you are so fond of. Then the knuckleheads of economy the world 'round sigh, "That damn embargo..."
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