rising price of gold
A Rising Price Of Gold Is Like A Trip-wire Alarm
a: A rising price of gold ~
b: a trip-wire alarm
What: "A rising price of gold is like a trip-wire alarm that announces: "The politicians are at it again. Bolt down the furniture." It is a signal, published in the newspapers, that there is something untrustworthy about the central bank's monetary policies. It alerts entrepreneurs to start buying goods before prices rise further. So, prices rise even faster. This makes it even more expensive to buy votes with fiat money. The new money buys fewer of the goodies that politicians hand out to buy votes."
Writer: Gary North
Date: Aug 8 2011 1:11 PM
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