A Hard Choice: Inflation Kills the Dollar; Deflation Kills the Government
[Photo caption/credits: Inflation or Deflation? (courtesy Google Images)] “timmy” is one of this blog’s regular readers. He recently posted the following…
What Can’t Be Paid, Won’t Be Paid—Not Even to Government Pension Funds
According to The New York Times article “In Ruling on California Town’s Bankruptcy, Judge Challenges Security of Pensions”: “A federal bankruptcy…