Quote Of The Week – Jim Grant

“Until 40 years ago the idea of a world universally on paper would have been seen as a fantasy, but now it is so much ingrained that people can’t believe there ever was a time when there was not universal paper money.  But we have seen heretofore unimagined feats of money printing and interest rate suppression by not only our central bank, but almost all of the major ones.  And people have come to be quite complacent about these things.”

– Jim Grant

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s