Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
And that was threatened, in the mind of the sound money crowd, by the ballooning US government debt due to the Vietnam War buildup among other things, as well as by the US' trade balance reversing from net exporter to net importer (due in part to Germany and Japan taking over as exporters of last resort as a result of the success of post-war US global macro policy).

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Sun Feb 17th, 2013 at 12:27:01 PM EST
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