Monday, March 21, 2005

Amazon.com: Books: The Coming Generational Storm : What You Need to Know about America's Economic Future

Amazon.com: Books: The Coming Generational Storm : What You Need to Know about America's Economic Future: "Historically when governments overspend, they reach for the printing press and flood the market with cheap money. This is what I predict will happened. The US, Japan, and Europe will all go massively under the flood of inflation and will, after horrendous suffering, reemerge to restructure their transfers so that all of the suggestions of the authors are put in place including later retirement, responsible taxation, controlled medical costs, and a more modest lifestyle for all. That is, if we don't have revolutions and a return to some sort of absolute state control. "

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