Comment: Hate to agree

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Hate to agree

Economics are more than 50% pyschology. The belief in fiat money is all psychology. When that belief fades it will be ugly.

We have to cut overseas spending now. We have to free up capital that is consumed by non-productive sectors: gov't & subsidized industries. We need to free up small business and entrepreneurs.

Better to consciously tighten the national belt and change course than have it happen through a crash.

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo