Sixstrings wrote:
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I think a fact that a lot of us can't quite come to grips with is that a command and control economy can in fact run for quite a long time. We seem to be making that transition now.. gone are "markets" as we've always known them, now we're in the era of government-directed capitalism.
Tyler_JC wrote:Inflation, according to the government, was around 30% during that time period.
So you still came out ahead on your investment.
Moreover, some of those interest payments happened in the early years of your investment so the inflation hit was much less.
Penalty on de-basing the coins. Section 19.
And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of the fine gold or fine silver therein contained...
...every such officer or person who shall commit any or either of the said offenses, shall be deemed guilty of felony, and shall suffer death.
There can’t be a new housing boom while the nation is still strewn with vacant houses and apartments left behind by the previous boom, and consumers — who are $11 trillion poorer than they were before the housing bust — are in no position to return to the buy-now-save-never habits of yore.
Sixstrings wrote:I think a fact that a lot of us can't quite come to grips with is that a command and control economy can in fact run for quite a long time. We seem to be making that transition now.. gone are "markets" as we've always known them, now we're in the era of government-directed capitalism.
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