February 23, 2009
– Comments (1)
In addition to getting hosed on Citigroup this week, you get to pump yet more money into otherwise insolvent AIG. Remember, it's for your own good.
I am beginning to feel gold-bug stirrings, same as I did circa 1982 when I was cutting my teeth on understanding the economy.
I mean, intellectually I know that the money is just what the man in the suit says it is, no more, no less; but when we have this amount of pain "by fiat," well, that's an awful lot of pain.