Andrew Hoffman stopped by for our regular Monday discussion. Looks like the debt ceiling debate is gone for good. They’ve given the president a blank check. Who would have thunk it? It was inevitable. If they can print money to infinity then what purpose does a debt ceiling serve anyway? The deficit went up a staggering $328 billion in just a few days. There’s nothing quite like the discipline that a fiat currency imposes on the political system. It worked so well in the Weimar Republic and in Zimbabwe too.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.